Hexio Finances Seismic Research Vessel for $16.7MM

GC Rieber Shipping's 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 as lender.

Geo Explorer is a 2D/source vessel, currently on time charter to Fugro Geoteam until March 2009. The vessel, which was acquired in July 2008, has now been financed through a US $16.7 million long term mortgage loan with DnB NOR Bank as lender.
 

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