GC Rieber Shipping: Exiting its business in Russia
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 Shipping has declined to enter into a new charter party for the vessel. GC Rieber Shipping has also a