Contract Extension for Safe Hibernia

Cotemar group has confirmed that Safe Hibernia has been awarded a contract extension through to 27 July 2014 with unchanged day rate. The contract value of the extension is USD 6.2 million.

Prosafe is the world's leading owner and operator of semi-submersible accommodation/service vessels. Operating profit reached USD 245.1 million in 2013 and net profit was USD 199.1 million. The company operates globally, employs 595 people and is headquartered in Larnaca, Cyprus.

Prosafe is listed on the Oslo Stock Exchange with ticker code PRS.

This article was originally published on Marine & Industrial Report newspaper Vol 36  No.3  Issue last June 30, 2014.