Agreement on extension of the delivery for Safe Nova and Safe Vega

May 19, 2022

As part of entering into a Global Agreement  with COSCO Shipping  Offshore 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.

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