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Operating income from continuing operations was NOK 1.3 million in the fourth quarter of 2022, compared to NOK 0.4 million in the corresponding period of 2021. EBITDA from continuing operations were negative NOK 44.3 million, including loss from joint ventures of NOK 41.6 million. EBITDA in the fourth quarter of 2021 were NOK 6.3 million for comparison. Net loss from continuing operations was NOK 59.6 million in the fourth quarter of 2022, including currency losses of NOK 19.2 million. Net…

GC Rieber Shipping has entered into an agreement with its Joint Venture partner, to buy its 50% share of the icebreaking tug Polar Circle. Following the purchase GC Rieber Shipping will fully own the vessel. “Polar Circle, designed by GC Rieber Shipping and built in 2006, is a testament to the strong maritime project development potential and excellent design capabilities within our organization. The vessel is unique and holds strong development potential. It has solid capabilities in environments that likely…

Reference is made to the stock exchange notice of 5 December 2022 regarding change of management. Øystein Kvåle has been appointed Chief Commercial Officer with effect from 1 March 2023. Kvåle has served in GC Rieber Shipping’s management team since 2018 as CFO and has been with GC Rieber AS since 2014. Kvåle worked for The Boston Consulting Group before joining GC Rieber. Kvåle holds a Master in Industrial Economics and Management from NTNU in Trondheim, Norway. Silje Tonning Søgnen…

Christoffer Knudsen has tendered his resignation as CCO of GC Rieber Shipping to pursue an alternative career opportunity. Mr. Knudsen remains with the Company during the notice period. The search for his replacement will commence immediately. GC Rieber Shipping thanks Christoffer Knudsen for his valuable contributions to the company for the last 9 years, and wishes him all the best in his future endeavours. Contact information: Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184 About GC Rieber…

Operating income from continuing operations was NOK 1.1 million in the third quarter of 2022, compared to NOK 0.7 million in the corresponding period of 2021. EBITDA from continuing operations were negative NOK 17.7 million, including loss from joint ventures of NOK 14.5 million. EBITDA in the third quarter of 2021 were NOK 189.3 million for comparison, including gain from sale of shares in Shearwater in July 2021 of NOK 186.7 million. Net profit from continuing operations was NOK 16.5…

GC Rieber Shipping (“RISH”) has today placed an order for two firm WindKeeper vessels at Cemre shipyard in Turkey. The order includes options for further two vessels.  First vessel will be delivered in Q1 2025. WindKeeper is an innovative Service Operation Vessel (SOV) based on Small Water Area Twin Hull (SWATH) methodology and design. The design offers improved operability, ultra-low fuel consumption and option of fully electric operations in field. Commencing development in 2016, GC Rieber Shipping has spent vast…

Please find an updated report for the second quarter / first half-year of 2022 enclosed, now with the responsibility statement included. No other changes were made. Contact information: Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184 Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47 479 02?919 About GC Rieber Shipping: GC Rieber Shipping is a shipowner and project-house with focus on developing profitable and sustainable maritime projects. Further information about the company, please go to www.gcrieber-shipping.com. This…

Operating income from continuing operations was NOK 2.3 million in the second quarter of 2022, compared to NOK 1.6 million in the corresponding period of 2021. EBITDA from continuing operations were NOK 35.6 million, including a reversed impairment og NOK 35.1 million related to GC Rieber Shipping’s business in Russia. EBITDA in the second quarter of 2021 were negative NOK 33.9 million for comparison. Net profit from continuing operations was NOK 66.0 million in the second quarter of 2022, including…

Reference is made to the stock exchange notice 23 March 2022 regarding GC Rieber Shipping’s exit from Russia. GC Rieber Shipping has entered into a mutual agreement with its customer to terminate the existing charterparty for its 50% owned ice-breaking tug Polar Pevek with immediate effect. The vessel has left Russia, and the process of changing ship manager and reorganizing the crew has started. The vessel will shortly be available for new business opportunities outside Russia. The crew transfer vessel…

The Annual General Meeting in GC Rieber Shipping ASA was held today 21 April 2022 at 14:00 hours (CEST) in Skipsbyggerhallen, Solheimsgaten 11, 5058 Bergen. A total of 91 % of the share capital and voting rights were represented. All items on the agenda dated 31 March 2022 were addressed and approved. The minutes of the Annual General Meeting is attached. Contact information: Einar Ytredal, CEO, phone: +47 975 20 184 Øystein Kvåle, CFO, phone: +47 479 02 919 About GC…

Dividend amount: 0.50 Declared currency: NOK Date of approval: 21 April 2022 Last day including rights: 21 April 2022 Ex-date Oslo Børs: 22 April 2022 Record date Oslo Børs: 25 April 2022 Payment date: 3 May 2022 Contact information: Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184 Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47 479 02 919 About GC Rieber Shipping: GC Rieber Shipping is a shipowner and project-house with focus on developing profitable and sustainable maritime projects.…

Following the sale of Polar Onyx in February 2022, the Subsea & Renewables segment is presented as discontinued operations in the financial reporting. Operating income from continuing operations was NOK 0.6 million in the first quarter of 2022, the same as in the corresponding period of 2021. EBITDA from continuing operations were negative NOK 53.3 million, including impairment loss of NOK 53.9 million related to GC Rieber Shipping’s business in Russia. EBITDA in the first quarter of 2021 were negative…

The Annual General Meeting in GC Rieber Shipping ASA (“The Company”) will be held on Thursday 21 April 2022 at 14:00 hours (CET) at Solheimsgaten 11, Bergen (the auditorium at Skipsbyggerhallen). Agenda: 1. Opening of the Annual General Meeting by the Chairman of the Board and record of shareholders present 2. Election of a person to chair the meeting 3. Approval of the notice and agenda 4. Election of a person to co-sign the minutes together with the chairperson 5.…

Reference is made to the stock exchange notice 2 March 2022 regarding status update on GC Rieber Shipping`s assets in Russia. GC Rieber Shipping is deeply concerned about Russia’s invasion of Ukraine and has started the process of exiting its business in Russia. The crew transfer vessel Polar Baikal, previously owned 50% by GC Rieber Shipping, was sold in February 2022. The crew transfer vessel Polar Piltun, 50% owned by GC Rieber Shipping, is currently in lay-up and GC Rieber…

The Board of Directors of GC Rieber Shipping has today approved the financial statements for 2021 for both the group and the parent company. There are no significant changes compared with the preliminary results published 14 February 2022. Contact information: Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184 Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47 479 02 919 About GC Rieber Shipping: GC Rieber Shipping is a shipowner and project-house with focus on developing profitable and sustainable…

Due to ongoing military action in Ukraine and related sanctions against Russia, GC Rieber Shipping provides an update regarding its assets in Russia. GC Rieber Shipping has 50% ownership in two vessels located at Sakhalin Island, in far east Russia. The ice-breaker tug Polar Pevek has operated for the same client since 2006 and the contract is firm until September 2023. The crew transfer vessel Polar Piltun is in seasonal lay-up. Another vessel previously owned 50% by GC Rieber Shipping,…

In GC Rieber Shipping’s financial reporting for the fourth quarter of 2021 the segment Subsea & Renewables is discontinued. This is due to the agreed sale of Polar Onyx as announced 20.12.2021. Operating income from continuing operations was NOK 0.4 million in the fourth quarter of 2021, compared to NOK 0.3 million in the corresponding period of 2020. EBITDA from continuing operations were NOK 6.3 million, compared to negative NOK 0.7 million in the fourth quarter of 2020. The net…

GC Rieber Shipping has entered into an agreement to sell the SURF / Construction Vessel Polar Onyx, built at Ulstein Verft in 2014. The sale includes the VLS tower onboard the vessel. The buyer is offshore wind service conglomerate Dong Fang Offshore Co., Ltd, and Hung Hua Construction Co., Ltd. Delivery is expected to take place in the first quarter of 2022. “Polar Onyx has since delivery proven herself as a solid and valuable asset in the SURF market. Starting…

Financial calendar for GC Rieber Shipping ASA FINANCIAL YEAR 2021 17.03.2022 – Annual Report 14.02.2022 – Quarterly Report – Q4 FINANCIAL YEAR 2022 25.08.2022 – Half-yearly Report 21.04.2022 – Annual General Meeting 19.05.2022 – Quarterly Report – Q1 01.11.2022 – Quarterly Report – Q3 16.02.2023 – Quarterly Report – Q4 For further information, please contact: Øystein Kvåle, CFO, phone ; +47 479 02 919 This information is published pursuant to the requirements set out in the Continuing obligations.

GC Rieber Shipping reported an operating income of NOK 29.1 million in the third quarter of 2021, compared with NOK 83.0 million in the corresponding period of 2020. EBITDA was NOK 196.3 million, compared with an EBITDA of NOK 3.6 million in the third quarter of 2020. The increase in EBITDA is mainly due to the sale of Shearwater shares in July 2021. GC Rieber Shipping had a net profit of NOK 180.1 million in the third quarter of 2021,…

The shares in GC Rieber Shipping ASA will be traded ex-dividend of NOK 1.23 per share as from today, 24 September 2021. Contact information: Einar Ytredal, CEO, phone: +47 975 20 184 Øystein Kvåle, CFO, phone: +47 479 02 919 About GC Rieber Shipping: GC Rieber Shipping is a shipowner and project-house with focus on developing profitable and sustainable maritime projects. Further information about the company, please go to www.gcrieber -shipping.com. This information is subject to the disclosure requirements pursuant to section…

An extraordinary general meeting in GC Rieber Shipping ASA was held today 23 September 2021 at 14:00 hours (CEST) in Skipsbyggerhallen, Solheimsgaten 11, 5058 Bergen. A total of 86 % of the share capital and voting rights were represented. All items on the agenda dated 1 September 2021 were addressed and approved by the general meeting. The minutes of the extraordinary general meeting are attached. Contact information: Einar Ytredal, CEO, phone: +47 975 20 184 Øystein Kvåle, CFO, phone: +47…

Today, GC Rieber Shipping ASA sold 54,500 own shares to employees in GC Rieber Shipping at a price per share of NOK 8.20. Employees received a discount of 25% on this price up to a maximum of NOK 7,500 per employee. After the transaction the company holds no own shares. The primary insiders listed below have purchased shares as employees in GC Rieber Shipping: CEO Einar Ytredal, 13,900 shares at an average price of NOK 7.66 per share (new holding…

Reference is made to the stock exchange notice 2 September 2021, where it was announced that GC Rieber Shipping had agreed certain amendments to its Subsea & Renewables credit facility with its lenders. The amendments have today been completed and the new terms of the credit facility have become effective. Contact information: Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184 Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47?479 02 919 About GC Rieber Shipping: GC Rieber Shipping is a shipowner and project-house with focus on developing profitable and…

GC Rieber Shipping has today agreed certain amendments to its Subsea & Renewables credit facility with its lenders. The credit facility, originally from 2014, was refinanced in the first quarter 2018 to improve GC Rieber Shipping’s financial runway in challenging market conditions. GC Rieber Shipping has strengthened its financial position significantly the last year. Thus, the agreed amendments will, in principle, restore the provisions of the original credit facility agreement and reverse material changes introduced throughout the restructuring period. Specifically,…

Dividend amount: 1.23 Declared currency: NOK Last day including rights: 23 September 2021 Ex-date Oslo Børs: 24 September 2021 Record date Oslo Børs: 27 September 2021 Payment date: 5 October 2021 Date of approval: 23 September 2021 Contact information: Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184 Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47 479 02 919 About GC Rieber Shipping: GC Rieber Shipping is a shipowner and project-house with focus on developing profitable and sustainable maritime projects.…

An Extraordinary General Meeting in GC Rieber Shipping ASA (“The Company”) will be held on Thursday 23 September 2021 at 14:00 hours (CEST) at Solheimsgaten 11, Bergen (the auditorium at Skipsbyggerhallen). To reduce the risk of spreading the coronavirus, shareholders are asked to consider participating in the general meeting through sending the attached proxy. Agenda: 1. Opening of the Annual General Meeting by the Chairman of the Board and record of shareholders present 2. Election of a person to chair…