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    Geo Atlantic conversion taking longer than expected

    Vessel & ROV News // August 14, 2006

    Rieber Shipping in Norway says the conversion of Geo Atlantic (previously Polar King), which is owned by Arrow Seismic, a 54 per cent owned subsidiary of GC Rieber Shipping ASA, into a multi streamer seismic vessel, "has been more time consuming than expected."

    The conversion is now expected to be completed in early September and the vessel will be employed thereafter on a previously announced charter agreement with Fugro Geoteam AS for a fixed period of seven years with 2 x 2 year options.


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