Arne Blystad’s move into the seismic survey sector, following the merger of his Songa Bulk with Houston-based Axxis Geo Solutions, is not the start of a major drive in the offshore space.
Oslo-listed Songa Bulk — which sold its dry cargo fleet to Star Bulk Carriers last year — will assume assets, rights and obligations by issuing shares to investors of Axxis Geo Solutions.
