Norwegian offshore seismic vessel player Shearwater GeoServices has emerged as the buyer of two ships sold by compatriot owner and operator Volstad.
The Irene Waage Basili-led company has snapped up the 2008-built Oceanic Endeavor and the 2010-built Geo Caspian for NOK860m ($81.7m).
Both Fosen-built ships will join Shearwater’s fleet of 20 seismic vessels, while Volstad will exit the sector with six vessels remaining in the offshore construction and dive support segments.
The Bergen-based Shearwater was founded in 2016 as a joint venture by GC Rieber Shipping and Rasmussengruppen. The company’s other main shareholder is SLB, formerly known as Schlumberger.
