• 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.




2018 August 21

12:24 Far East ports bunker prices open the week on a bearish note
12:08 CMA CGM announces PSS from Asia, India, the Middle East and America to Nigeria
11:21 OSCE mission barred from access to the Russian flagged tanker detained in Kherson port
11:13 Wärtsilä to build Smart Technology Hub, next-generation innovation and production centre in Finland
11:08 MSC slows ships to help protect whales in U.S. waters
10:41 Baltic Dry Index adds 4 pts to 1727 points
10:28 Port of Long Beach box volume rose 11.3% in Jan-Jul to 4.64 million TEUs
10:17 Crude oil futures gain slightly to $72.23 in London and to $65.53 in New York
10:08 HELCOM publishes report on sewage port reception facilities in the Baltic Sea
09:29 Port of Los Angeles seven-month container volumes down 2.59% to 5.14 million TEUs
09:08 Port of Long Beach approves Toyota's Green Terminal makeover
08:26 Crowley successfully supports Appomattox platform tow-out in the U.S. Gulf

2018 August 20

18:26 Okskaya Sudoverf Shipyard delivers sixth serial oil barge BELMAX 6 of ROB20 design
18:06 Dan-Bunkering expands and merges with Australian company
17:36 Carbon Trust and Fistuca announce successful execution of offshore test of innovative new installation technology
17:26 Russian owners, operators stop shipping to Ukraine for fear of loosing cargo
17:09 ESL Shipping takes delivery of eco-friendly bulk carrier Haaga
17:05 Teekay LNG Partners mandates banks to arrange Fixed Income Investor Call
16:35 CMA CGM announces FAK rates from Asia to North Africa
16:05 Royal Wagenborg's m.v. Nassauborg discharges timber in Alexandria
15:30 CMA CGM announces FAK rates from Asia to the Mediterranean
15:02 Maersk and Vopak to launch 0,5% sulphur fuel bunkering facility in Rotterdam
14:48 SHI awarded contract for LNG carrier duo from Celsius Tankers
14:23 Spot market price for Russian M100 product ended last week higher at an average of RUB 18,212 / pmt
13:21 Baltic Shipyard loads heavyweight propulsion units onto the 60MW LK-60 nuclear-powered icebreaker URAL
13:11 APL's Eagle Express Service delivers X-factor in Los Angeles
12:13 Golden Ocean Group to equip its 16 Capsize vessels with scrubbers
12:10 ANL to implement Operational Cost Recovery Surcharge in Chittagong Port
11:07 Port of Vyborg volumes in first seven months rose 28% to 970,000 tonnes
10:57 Golden Ocean announces Q2 2018 results
10:17 Crude oil futures prices edge down to $71.61 in London, in New York to $64.95
10:03 Port of Everett breaks ground on $36 mln South Terminal Wharf Modernization Project
10:03 Baltic Dry Index gains to 1723 points
09:57 Chinese Blockchain Company Yuanben to protect the safety of global maritime freight data
09:36 Box traffic at busiest Chinese ports in Jan-Jul rose 4.1% to 5.36 billion tons
09:28 Port of Hong Kong seven-month box volumes drop 4.4% to 11,5 million TEUs
08:44 Kongsberg Maritime wins contracts for nine hybrid Ro-Ro vessels

2018 August 19

08:19 CMA CGM announces GRR from UAE to East Africa
08:14 Maersk Line introduces Peak Season Surcharge – Scope World to Apapa, Nigeria and Tin Can Island Port, Nigeria
08:12 CMA CGM announces GRR from India to East Africa
08:07 Maersk Line increases rates from Middle East & Indian sub-continent to North America

2018 August 18

08:03 Port of Oakland to build Seaport Logistics Complex
08:00 CMA CGM announces PSS from Europe, Scandinavia, Black Sea and West Med to Indian Ocean islands
07:57 CMA CGM announces FAK rates from Asia to North Europe
07:41 A.P. Møller - Mærsk A/S posts results for Q2 2018

2018 August 17

20:03 A system of floating containment booms installed near two jetties of Petersburg Oil Terminal
18:26 Krasnoye Sormovo Shipyard launches Pola Feodosia, forth of RSD59 dry cargo vessel series
17:54 Primorsk Oil Terminal’s throughput in Jan-Jul falls 12% to 31.38 million tonnes
17:51 Nevsky Shipyard continues testing of unique replenishment system
17:08 Marine Robotics: Laws, Applications, Technologies roundtable registration underway in Moscow and Vladivostok
17:03 Port of Vysotsk volume in Jan-Jul down to 10.45 million tonnes
16:27 Port of Ust-Luga throughput in Jan-Jul down 4% to 56.27 million tonnes (details)
16:04 Western Bulk publishes First half 2018 results
15:53 Port of St. Petersburg seven-month volumes grow 13% to 34.39 million tonnes (details)
15:34 Stena Blue Sky delivers the first LNG cargo at energy giant ENN's new terminal in China
15:03 ANL announces FAK rates from North Europe and Mediterranean to Australia
14:33 A.P. Møller - Mærsk A/S delivers revenue growth in the second quarter of 2018
14:03 Third railway track put into operation in Port Bronka
13:58 Nevsky Shipyard wins contract for Arc4 passenger/freight vessel duo to be deployed on Sakhalin-Kurils route
13:51 Samsung Heavy Industries wins two eco-friendly LNG carriers