Polarcus wins more work

  • Business & Finance

Polarcus, a marine geophysical company, has received multiple awards which together extend the fleet backlog by six vessel months.

According to the geophysical company, the projects will be carried out by multiple Polarcus vessels and will start in the first and the second quarter of 2016.

Commenting on this latest awards, Duncan Eley, COO Polarcus, said: “Two of the awards are extensions of current projects. Such extensions reflect the excellent performance of our vessels and are beneficial to Polarcus as the fleet utilization can be optimized by increasing backlog without additional transit, which is a very positive factor in the current challenging market.”

The company did not reveal any details regarding locations nor values of the awarded contracts.

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