Rieber Shipping to upgrade Polar King to multi-streamer 3-D seismic shipVessel & ROV News // November 1, 2005
Rieber Shipping in Norway has announced that it is to upgrade the cable lay vessel Polar King (which was built in 2000) as a multi streamer 3-D seismic vessel.
The project will cost approximately NKr 175 million (including compressors and winches) and is expected to be completed in the second quarter of 2006.
Rieber Shipping has also announced that it has entered into a time charter agreement for the vessel with Fugro Geoteam AS.
The agreement starts in mid-2006 and has a duration of seven years and with 2 x 2 year options.