Prosafe SE Reports Positive Fleet Utilization Trends
Prosafe SE Fleet Utilization Overview
In a recent operational update, Prosafe SE announced that its fleet utilization for February was recorded at 57 percent. This performance indicates a steady demand for the company’s services in the semi-submersible accommodation sector.
Vessels Performing at Full Capacity
Three vessels in particular have demonstrated exceptional performance during this reporting period. Safe Notos, Safe Zephyrus, and Safe Concordia operated at full capacity, achieving an impressive 100 percent utilization. Additionally, Safe Eurus followed closely with a utilization rate of 98 percent, highlighting Prosafe's strong operational capabilities in optimizing fleet performance.
Fleet Developments and Future Plans
Looking ahead, the company is gearing up for further activities. Safe Caledonia has begun reactivation processes in Scapa Flow and is set to mobilize to the Captain Field in the upcoming months. This move is part of Prosafe's strategic planning to manage contracts effectively and maintain service continuity.
Meanwhile, Safe Boreas is currently in Norway, making preparations for its relocation in the second quarter of the year for a contract that will commence in Australia. The anticipated contract will take place between mid-November and mid-February of the following year, which displays Prosafe's ongoing commitment to securing valuable contracts and expanding its operational reach.
Recent Sales and Laid-Up Vessels
Prosafe has successfully completed the sale of Safe Concordia, with the vessel transferred to its new owner. This sale, finalized on March 13, represents a strategic decision to optimize the fleet composition. In contrast, Safe Scandinavia currently remains laid up in Norway, reflecting the cyclical nature of demand in the industry.
About Prosafe SE
Prosafe is known as a prominent owner and operator of semi-submersible accommodation vessels and is listed on the Oslo Stock Exchange under the ticker PRS. The company's strong reputation in the market is bolstered by its commitment to high safety standards and operational excellence.
For those interested in learning more about Prosafe's operations and future plans, please reach out to its leadership team. The company encourages inquiries and is always ready to provide further information.
For further information, please contact:
Terje Askvig, CEO
Phone: +47 952 03 886
Reese McNeel, CFO
Phone: +47 415 08 186
Frequently Asked Questions
What is the fleet utilization rate reported for February?
The fleet utilization rate for February was 57 percent.
Which vessels achieved full capacity during this period?
Safe Notos, Safe Zephyrus, and Safe Concordia operated at full capacity of 100 percent.
What are Prosafe's future plans for Safe Caledonia?
Safe Caledonia has begun reactivation activities and plans to mobilize to the Captain Field in the coming months.
What upcoming contract is Safe Boreas preparing for?
Safe Boreas is preparing for a contract in Australia scheduled to start between mid-November and mid-February.
Where is Safe Scandinavia currently located?
Safe Scandinavia remains laid up in Norway as part of fleet management strategies.
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