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Prosafe and Cosco agreed extended delivery for two newbuildings


As part of entering into a Global Agreement (Deed) with COSCO Shipping (Qidong) Offshore Co. Ltd which forms part of the recently completed financial restructuring, Prosafe and Cosco have agreed extended delivery flexibility relating to the Safe Nova and Safe Vega under the agreement entered into and announced in August 2018.

It remains the intention that Prosafe will take the vessels to the market once contract opportunities materialise with the Brazil market being the most likely given the expected next round of tenders. In the meantime, Prosafe is marketing the vessels globally, although have no financial obligations until delivery of the vessels.

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. 

Source: Prosafe


The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

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