GC Rieber Shipping acquires seismic vessel Geo Atlantic

GC Rieber Shipping has acquired the seismic vessel Geo Atlantic from Arrow Seimic Invest for $58 million in cash.

Offshore staff

OSLO -- GC Rieber Shipping has acquired the seismic vessel Geo Atlantic from Arrow Seimic Invest for $58 million in cash.

The proceeds will be used to repay debt, primarily the Arrow facilities that were established to finance Geo Atlantic and Arrow's two first newbuilds in Spain.

06/03/2009

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