Shearwater GeoServices awarded two contracts

Shearwater GeoServices, a joint venture between GC Rieber and Rasmussengruppen, has been awarded 3D surveys in the Mediterranean and South East Asia.

The surveys are scheduled to commence in the fourth quarter 2018, and the Mediterranean survey will take approximately two months and the South East Asia survey five months.

The new contracts will add seven vessel months to the company’s current backlog.

“We are pleased to be awarded these surveys firming up the backlog over the 2018/19 winter season, after we have seen utilization of 85% and transit of 15% for the first three quarters of 2018”, said Irene Waage Basili, Shearwater CEO.

The survey in the Mediterranean area will utilise the survey vessel Polar Empress while the contract in South East Asia will be conducted by the Polar Duchess.

Shearwater GeoServices currently runs a fleet of four modern seismic vessels.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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