Financing for Geo Explorer secured

Company News - December 19, 2008

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GC Rieber Shipping says its subsidiary Hexio has financed the acquisition of the seismic research vessel Geo Explorer through a US$16.7 million long term loan facility with DnB NOR Bank. 
 
Geo Explorer is a 2-D/source vessel, currently on time charter to Fugro Geoteam until March 2009. The vessel, which was acquired in July 2008.

 

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