Vessel utilization for Q3-17
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces the Company’s third quarter 2017 vessel utilization as follows:
| Utilization | Q3 – 2017 | Q3 – 2016 | FY – 2016 |
| Utilization | 92% | 90% | 83% |
| By category: | |||
| Contract Seismic | 92% | 86% | 71% |
| Multi-Client | 0% | 4% | 12% |
| Transit | 8% | 10% | 12% |
| Yard | 0% | 0% | 2% |
| Standby | 0% | 0% | 3% |
Polarcus Nadia is excluded from vessel utilization subsequent to cold-stacking on 01 April 2015
The Company will be releasing its third quarter 2017 report on 27 October 2017 at approximately 07:00hrs CEST (09:00hrs UAE). A webcast and conference call will be hosted by Polarcus commencing at 09:00hrs CEST (11:00hrs UAE).