GC Rieber Shipping acquires seismic vessel Geo Atlantic

June 3, 2009
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