Prosafe following new court defeat: Restructuring continues unaffected

Prosafe is set to repay almost NOK 500 billion to a shipyard after the Norwegian Supreme Court rejected the floatel company's appeal in compensation case. This will have no influence on the strained company's restructuring, CEO Jesper K. Andresen tells ShippingWatch.

Prosafes danske topchef Jesper K. Andresen. | Photo: PR-FOTO

Norwegian Prosafe, which rents out hotel rigs to the offshore industry and is in the midst of an extensive restructuring, is ordered to pay around NOK 465 million to shipyard Westcon.

This is the outcome of an extensive court battle concerning the rebuilding of the hotel rig Safe Scandinavia after the Norwegian Supreme Court rejected Prosafe's appeal.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs