The company described itself as having a strong environmental focus that aims to decrease emissions to both sea and air.
[1] Polarcus vessels were the first fleet in the world to receive the DNV accredited Triple E rating for high energy efficiency and environmental performance ratings.
[2][3] Founded in 2008 in Dubai, UAE, Polarcus completed projects across the globe from Greenland to Sakhalin, Russia.
[4] After defaulting on debts, lenders took control of the company in January 2021.
[5][6] Shearwater GeoServices bought six seismic acquisition vessels for $127.5 million and streamers and related seismic equipment formerly owned by Polarcus for $50 million.