GC Rieber Cancels New Build

1 July 2009 (Last Updated July 1st, 2009 18:30)

Norwegian shipowner GC Rieber Shipping has cancelled a new build contract due to “significant” delays in delivery. The project was ordered in May 2008 by Polar Marine, a joint venture between GC Rieber and Otto Marine. The payment made by GC Rieber is covered by a re

Norwegian shipowner GC Rieber Shipping has cancelled a new build contract due to “significant” delays in delivery.

The project was ordered in May 2008 by Polar Marine, a joint venture between GC Rieber and Otto Marine.

The payment made by GC Rieber is covered by a refund guarantee.