Polarcus Limited, a seismic surveyor in liquidation, is set to be wound down and delisted from the Oslo Stock Exchange.As previously reported, in January this year, lenders took control of the company's vessels after a debt payment default, and decided to sell them and let go all the employees.
Humanity will forever remember 2020 as the “Year of COVID-19” fraught with the pains of a pandemic and its impacts on our physical and mental health. Yet, as a navigation representative along the Mississippi River Ship Channel (MRSC), I will always be able to see the bright side. In this case, that is life outside of COVID.
Norwegian offshore vessel operator Solstad Offshore has sold seven vessels that have been laid up for a while for recycling."The vessels to be recycled are defined by Solstad as non-strategic, they are of older age and considered to be irrelevant for present and future markets," Solstad said.
Marine seismic contractor Shearwater GeoServices has sold the seismic vessel Western Trident for recycling as part of the company’s fleet renewal strategy.The vessel has been delivered in Turkey for recycling. In late 2020, Shearwater also sold the CGG Alize vessel to be repurposed outside of the seismic industry.
Satellite data company Spire Global Inc said on Monday it has agreed to go public through a merger with blank-check acquisition firm NavSight Holdings Inc at a $1.6 billion valuation.It is the latest example of a special purpose acquisition company (SPAC) merging with a company in the space industry, following deals for the likes of space tourism company Virgin Galactic and rocket startup Astra.