• 2018 August 9 10:09

    Prosafe issues operational update for Q2 2018

    The fleet utilisation rate in the second quarter of 2018 was 45.8 per cent (Q2 2017: 38.5 per cent), Prosafe announces in its press release.

    The Safe Scandinavia Tender Support Vessel (TSV) was in full operation for Equinor (formerly Statoil) at Oseberg East in Norway until the firm contract period finished at the end of June 2018. After completing the contract for Equinor, Safe Scandinavia is currently undertaking preparatory work for a five year special period survey at Invergordon. On 6 July, Aker BP awarded Prosafe a contract to provide accommodation support using the Safe Scandinavia at the Ula platform in Norway with operations scheduled to commence from mid-August 2018 for a firm period of seven months with eight one-month options.

    Safe Caledonia commenced a five-month contract for BP at the Clair Ridge platform in the UK on 22 May and was in operation throughout the second quarter. On 6 August 2018, BP exercised a one-month option to extend the charter of the Safe Caledonia. The firm operational period will now continue through to end November 2018.

    Safe Notos commenced a three-year and 222-day contract for Petrobras in Brazil on 7 December 2016 and was fully contracted in the quarter.

    Safe Boreas continued the contract with Equinor (formerly Statoil) at the Mariner installation in the UK and was in full operation throughout the quarter. On 19 July 2018, Equinor UK Limited exercised the first of six one-month options, thereby extending Safe Boreas’ operational period through to early October 2018.

    Safe Zephyrus commenced a 12-month contract for Equinor at Johan Sverdrup in Norway in early May 2018 and was in operation throughout the quarter.

    Safe Concordia remained at the yard in Curacao and is currently undertaking some maintenance work before mobilising to Brazil. On 17 July 2018, Prosafe was awarded a contract by MODEC for the provision of the Safe Concordia to support their FPSO operations in Brazil. The firm period of the contract is 200 days with on-site operations planned to commence in September 2018

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

    On 3 August 2018, Prosafe announced that it had reached a commercial solution with Cosco for the three completed vessels that currently reside in COSCO’s Qidong shipyard in China. The agreement includes cost of vessels, delivery flexibility and yard financing. Please refer to full details in the announcement from 3 August 2018.

    On 8 March 2018, the Stavanger City Court issued its judgement in favour of Prosafe in respect of the dispute between Westcon Yards AS (Westcon) and Prosafe Rigs Pte. Ltd. relating to the conversion of the Safe Scandinavia into a tender support vessel. The Court ordered Westcon to pay NOK 344 million plus interest and NOK 10.6 million legal costs. On 19 April 2008, Westcon appealed the court judgement. Prosafe filed a counter appeal on 28 May 2018.

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


2024 March 29

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16:47 VTTI and IKAV enter agreement to purchase majority ownership of Adriatic LNG, Italy
16:25 Mitsubishi Shipbuilding receives order from the University of Tokyo for "MiPoLin" power prediction and lines selection system
15:41 Wan Hai Lines holds naming ceremony for 13,100TEU newbuilding “WAN HAI A15”
15:10 MOL announces restructuring measures
14:45 Drewry predicts impact on container calls at US East Coast ports after the collapse of the Francis Scott Key Bridge
14:25 Chevron’s first hybrid electric fueling barge arrives in Singapore
13:40 HD KSOE and Infineon sign MoU to develop ship electrification technology
13:29 NYK and JMU formulate method for evaluating ship performance in actual seas
12:59 HD Hyundai wins US$463 mln warship order in Peru
12:09 COSCO SHIPPING Ports throughput up by 4.4% YoY to 135,808,554 TEU in 2023
11:46 The "Ane Maersk" calls at the Eurogate container terminal in Hamburg for the first time on its maiden voyage from Asia to Europe
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2024 March 28

18:05 Jan De Nul, ENGIE and Equans launch a pilot project centred around the use of Vanadium Redox Flow batteries
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16:25 DEME reports 22% increase in the orderbook and a record-high turnover of 3.3 billion euros in 2023
16:14 MABUX: Bunker Outlook, Week 13, 2024
15:41 AD Ports Group announced the opening of Saadiyat Marina & Ferry Terminal and Rabdan Marina
15:11 Sydney invests $11.5 million in two new operational vessels designed by Incat Crowther
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14:13 APM Terminals Moín handled six million TEU
13:48 ClassNK grants Innovation Endorsements for Products & Solutions to two innovative initiatives by MOL
13:37 Konecranes launches its flagship Konecranes X-series industrial crane
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12:26 Ocean Network Express announces Transpacific service
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10:42 Maersk transported more than 660,000 TEU using clean fuel in 2023
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2024 March 27

18:22 Bureau Veritas awards world’s first prototype certification for SolarDuck’s floating offshore solar solution
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17:38 The Port of Rotterdam calls on the European Commission and Parliament to focus on actively promoting green energy
15:23 SEFE to become sole shareholder of WIGA
14:53 Ocean Installer secures yet another SLM contract with Equinor
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13:42 Carnival Cruise Line orders 5th Excel-class cruise ship
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12:52 The Port Authority of Valencia launches the ZAL project in the Port of Valencia
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11:42 Wan Hai Lines holds ship naming ceremony for new vessels
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10:49 Seaspan Shipyards receives long-term contracts for the pre-construction work of the the Canadian Coast Guard's first six multi-mission vessels
10:14 Woodside completes sale of 10% scarborough interest

2024 March 26

18:02 COSCO Shipping Lines introduces new Americas service
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16:57 Terntank places an order for 1+1 additional wind/ methanol-ready hybrid tanker
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14:52 Wärtsilä Lifecycle Agreement to guarantee operational reliability of new wind farm installation vessel
14:23 Hudong-Zhonghua launches two LNG carriers
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13:12 Final sanctioned tanker with Russian Sokol oil to reach China port - Reuters
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12:21 IHI and Yara Clean Ammonia agree to jointly assess clean ammonia business collaboration
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11:16 Wartsila and Royal Caribbean Group celebrate 15 years of collaboration on digital transformation
10:46 A global carbon tax on shipping is coming, says ABS Chairman and CEO
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2024 March 25

18:07 The Maritime and Port Authority of Singapore continues to investigate reports of oil spills off the port of Tuas
17:31 “K” Line, NIPPON HAKUYO and OPT Gate sign an agreement for a new fire detection system for car carriers
17:07 Greek merchant fleet recorded slight decline in January 2024
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16:25 U-Ming Singapore and ITOCHU sign milestone MoU for the joint development of ammonia dual-fuel and de-carbonized vessels
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