• 2017 October 19 12:01

    Prosafe updates operational results for Q3 2017

    The fleet utilisation rate in the third quarter of 2017 was 38.9 per cent (Q3 2016 52 per cent). There has been no Lost Time Injury (LTI) in the quarter, Prosafe said in its press release.

    The Safe Scandinavia Tender Support Vessel (TSV) was fully contracted in the quarter for Statoil with a firm contract period until the end of June 2018.

    Safe Caledonia commenced a contract with Total in the UK in mid-May 2017 and was fully contracted in the quarter. The contract runs until late October 2017.

    Safe Notos commenced a three-year and 222-day contract for Petrobras on 7 December 2016. From 1 July 2017, Safe Notos was off-hire to conduct preventive maintenance and repair of the gangway. The vessel recommenced operations with Petrobras in early August.

    Safe Concordia completed the contract with Petrobras in late July. In the quarter, the vessel mobilised from Brazil to Curacao and incurred transit costs. The vessel is now laid-up in Curacao and is available for future work.

    Safe Boreas commenced the 13-month firm contract period for Statoil at the Mariner installation in the UK in early August.

    Safe Zephyrus, Regalia, Safe Bristolia and Safe Astoria were idle in the quarter. Safe Zephyrus, Regalia and Safe Bristolia are laid up in Norway, while Safe Astoria is laid up in Indonesia.

    Safe Eurus is in a preserved, strategic stacking mode with COSCO (Qidong) Offshore Co. Ltd. (COSCO) in China. Consistent with previous quarters, the company has accrued for lay-up cost for Safe Eurus. According to the agreement with COSCO, 50 percent of the accrued lay-up cost shall be paid on delivery and the remaining 50 percent after delivery.

    The standstill agreement between Prosafe and COSCO relating to Safe Nova and Safe Vega has been extended until December 2017. Prosafe remains in negotiations with COSCO and related parties to find a workable commercial solution for these vessels. If an agreement is not reached, Prosafe has the right to cancel the Safe Nova and Safe Vega newbuilding contracts due to delay and claim a refund of the instalments plus interest equal to approx. USD 60 million secured by Bank of China.

    Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is headquartered in Larnaca, Cyprus and listed on the Oslo Stock Exchange with ticker code PRS.




2017 November 23

16:05 CMA CGM announces GRI from Asia to ECSA
16:03 Bunker prices may turn into irregular phase in the lead-up to OPEC’s meeting
15:44 Okskaya shipyard lays down the first non-self-propelled oil barge in a series of ten vessels ordered by STLC
15:33 European Sea Ports Organisation welcomes a deadline for global solution on CO2 from shipping
15:00 Ports of Ayr and Troon celebrate delivery of new Scottish-built pilot vessel
14:19 Corvette Soobrazitelny, Baltic Fleet, performed some training missions in piracy affected areas in Gulf of Aden
14:02 Wärtsilä engines and exhaust gas cleaning chosen for new cruise ship
13:23 Navigation 2017 to close in Azov-Don Basin of Russia’s IWW on 1 December 2017
13:02 Oldendorff Carriers receives IBJ Bulk Ship Operator of the Year award
12:36 Russia’s General Board of State Expert Review approves Phase I of Bagayevsky Hydrosystem project
12:10 Ports of Ayr and Troon celebrate delivery of new Scottish-built pilot vessel
11:52 Marine Recruiting Agency goes on with the program of RTG operators training
11:29 Coal exports via Rosterminalugol terminal hit 22 mln t milestone this year (photo)
11:04 MGO prices are still high at the Far East ports of Russia (graph)
10:41 Throughput of port Kaliningrad in Jan-Oct'17 grew by 16% to 11.28 mln t
10:18 Brent Crude futures price down 0.25% to $63.16, Light Sweet Crude – down 0.21% to $57.90
09:53 Ukraine’s water transport carried 0.5 mln passengers in Jan-Oct'17, up 30.2%, Y-o-Y
09:35 Port of Singapore throughput up 5.9% to 519.68 mln t in 10M’17
09:17 Baltic Dry Index up to 1,413 points

2017 November 22

18:02 Throughput of port Vyborg up 13% to 1.24 mln t in 10M’17
17:46 New research reveals ‘golden period’ ahead for the Port of Barrow
17:24 Iceland accedes to air pollution treaty
17:03 MSC receives the ‘Container Line of the Year’ award
16:35 Throughput of port Primorsk in 10M’17 down 9% Y-o-Y to 49.40 mln t
16:03 Scottish energy ports capability directory launched
15:47 Throughput of port Vysotsk up 2% to 14.42 mln t in 10M’17
15:21 Cargo transportation by Ukraine’s water transport down 13.3% to 4.8 mln t in 10M’17
15:03 Otto Energy confirms the installation of the jacket and decks comprising the SM 71 F Platform
14:44 Throughput of port Ust-Luga up 11% to 85.04 mln t in 10M’17
14:36 APM Terminals opens a new era for Puerto Quetzal
14:22 Okskaya shipyard will build a series of six trawlers for fishing company Variant
14:03 Forth Ports installs NORBIT survey system for the Forth and the Tay
13:21 DOF sells the vessel Skandi Møgster
12:39 ABB Ability™ Marine Pilot Vision looks beyond human vision for ship automation
12:16 Crowley provides ATB to deliver jet fuel from U.S. mainland to Puerto Rico
12:15 Throughput of Big Port St. Petersburg up 10% to 44.01 mln t in 10M’17
11:46 Navigation season at the main route of the Volga-Baltic Waterway is over (photo)
11:08 Hapag-Lloyd buys low carbon refrigerant containers from Maersk Container Industry
10:51 Bunker prices are flat at the Port of Saint-Petersburg, Russia (graph)
10:30 Brent Crude futures price up 0.13% to $62.30, Light Sweet Crude – up 0.12% to $56.49
10:07 Wagenborg Offshore chooses ULSTEIN PX121 design
09:44 Composit LLC supports “Hydraulic Engineering Structures of Water Transport” Congress as its Sponsor
09:21 Baltic Dry Index up to 1,396 points
09:07 OOCL introduces new containership OOCL Scandinavia
08:30 INEOS to deliver first ever US ethane from shale gas to China in 2019 using world’s largest ethane carrier
08:07 Further SharpEye™ order for Pakistan Navy Submarine upgrade
07:30 Ekofish Group builds twin-rigger at Damen Maaskant Shipyards Stellendam

2017 November 21

18:24 Navios Maritime Holdings reports 3Q, 9 months financial results
18:19 Philly Shipyard delivers fourth and final product tanker to Kinder Morgan
17:59 Major ASW ship Vice Admiral Kulakov enters Norwegian Sea
17:37 Sokhna World Zone project presented to investors in Dubai
17:23 Mathilde Maersk rescues stranded fishermen
17:12 Tuco and Sea Machines unveil remote controlled ProZero workboats
16:51 Sea Port of St.Peterburg completed another stage of machinery modernization
16:34 Hapag-Lloyd announces vessel delay and port omission on WAN service
16:27 MOL and joint PBCF developers attend 2017 Nikkei Global Environmental Technology Award ceremony
16:17 MMT starts offshore geophysical survey for AQUIND Interconnector
15:54 Gazprom and Shell discuss LNG projects and Nord Stream 2
15:35 IMO’s technical cooperation activities have received a boost of US$1.0 million
15:11 Kleven signs MoU with De Beers Marine Namibia