Shearwater GeoServices Completes Vessel Sale, A Fleet Renewal Strategy

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  • Shearwater GeoServices Holding AS (“Shearwater”) has completed the sale of the seismic vessel Western Trident.
  • The sale has been done for recycling as part of the company’s fleet renewal strategy.
  • The vessel has been delivered in Turkey for recycling in accordance with EU regulations.

A recent news article published in the Shearwater states that Shearwater GeoServices recycles Western Trident as part of its fleet renewal strategy.

Shearwater and its renewal strategy

Shearwater GeoServices Holding AS (“Shearwater”) has completed the sale of the seismic vessel Western Trident for recycling as part of the company’s fleet renewal strategy.

“We are advancing our fleet renewal program, showing Shearwater’s commitment to a modern, flexible and high-end fleet to provide clients with efficient surveys and to meet the regulatory and public expectations facing our industry”, said Irene Waage Basili, CEO of Shearwater.

The vessel has been delivered in Turkey for recycling in accordance with EU regulations and the 2009 Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships.

Shearwater also sold CGG Alize in 2020

In late 2020, Shearwater also sold the CGG Alize to be repurposed outside of the seismic industry.

The above sales together with Shearwater’s recent purchase of six modern seismic vessels forms part of Shearwater’s fleet renewal strategy to replace older and less efficient units.

The combination of these investments and disposals allow for a significant extension to the commercial life of the fleet and a reduction in average vessel age.

 

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Source: ShearWater

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