Norway: Dolphin Declares Option for Polar Duchess Seismic Vessel

Seismic company Dolphin Geophysical has declared the option of yn 533. The vessel, a high capacity 3D vessel equipped with 14 streamers will be named “Polar Duchess”.

She is delivered from the yard in Spain and the subsequent conversion is estimated to be completed in the first quarter of 2012. The option exercised means a three-year contract for the vessel, with the possibility of further extension of eight years.

“Then our current fleet is “fully booked””, says CEO Irene Waage Basili, who has seen three important contracts concluded the last three weeks; first “Polar Explorer”, then “Polar Queen” and now “Polar Duchess”. “The demand for our new tonnage confirms that the new buildings are good investments”, she says.

About GC Rieber Shipping:

GC Rieber Shipping’s business within offshore/shipping includes ownership in specialized vessels, high quality marine ship management, project development and industrial portfolio management within the segments subsea, ice/support and marine seismic. The group has a unique competence in offshore operations in harsh environments as well as design, development and maritime operation of seismic vessels.

GC Rieber Shipping currently owns nine and operates ten advanced, multifunctional special purpose vessels for defined markets within the subsea, ice/support and marine seismic segments. GC Rieber Shipping also owns 65 % of Armada Seismic, which owns one high-capacity seismic vessel and has one newbuilding with estimated completion in the first quarter 2012.

The company has its registered office and headquarter in Bergen with ship management companies in Sevenoaks (UK), Singapore and Yuzhno-Sakhalinsk (Russia), which provides international presence.

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Source: GC Rieber Shipping, November 2, 2011;

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