Prosafe months away from saying goodbye to 2005-built vessel

Business & Finance

Oslo Stock Exchange-listed vessel owner and operator Prosafe has taken steps to sell one of its accommodation, safety, and support semi-submersible vessels to an undisclosed buyer.

Safe Concordia; Source: Prosafe

Thanks to a deal through its wholly owned subsidiary, Prosafe will divest its 2005-built Safe Concordia vessel for a gross price of $5 million before commissions and expenses. The sale of the vessel is subject to customary closing conditions and requirements.

The company explains the vessel is expected to be delivered to its new owner upon completion of its current charter obligations, within a window of March through June 2025. Prosafe got hold of a four-month extension for the Safe Concordia unit months after the vessel secured the previous one.

The last extension enables the vessel’s stay in the Gulf of Mexico/America until March 2025. The 2005-built Safe Concordia is a DP2 semi-submersible ASV for worldwide operations, excluding Norway. The unit was constructed at Keppel FELS shipyard in Singapore and an upgrade was completed in July 2015.

Prosafe recently won a 954-day contract extension with Petrobras for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support off the coast of Brazil.