EBITDA for the second quarter amounted to USD 57.1 million (USD 26.4 million). Higher EBITDA is mainly due to better utilisation, higher average day rates, cost control and the revenue adjustment relating to IFRS 15 (USD 8.7 million). A transforming agreement was reached with Cosco and majority lenders, which will significantly enhance Prosafe’s fleet and market position as well as financial flexibility in the years ahead.
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