Buyer's Credit for Ship Export to Norwegian Company
Supporting the Export of 3D Marine Seismic Data Acquisition Vessels Built at a Japanese Shipyard

  • Area: Europe
  • Marine and Aerospace

JBIC signed two buyer's credit agreements for ship export with PGS Titans AS (PGS TITANS), a wholly owned ship-holding subsidiary of the leading Norwegian seismic service provider, Petroleum Geo-Services ASA. The loans are provided for the purchase of two 3D marine seismic data acquisition vessels*1 to be built at the Nagasaki Shipyard of Mitsubishi Heavy Industries, Ltd. With the continuing constraints on ship financing throughout the world, these loans will help the Japanese shipbuilding industry to maintain and improve its international competitiveness.

  1. *13D marine seismic data acquisition vessels are equipped for 3D geological stratum analysis. The vessels receive pressure wave reflections from the ocean floor or sub-surface region through sensors in towed cables for 3D analysis of the geological structure of the ocean floor.
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