ShippingWatch

Prosafe looks ahead following Q2 profit and a refinancing deal

The market for offshore services remains difficult, but a new financing agreement means that Prosafe, which provide accommodation vessels, can look forward to a brighter future. And the company achieved profits on operations and the bottom line in the second quarter of 2016.

Photo: PROSAFE

Prosafe, which leases accommodation vessels to the offshore sector, looks set for brighter days after a difficult period in which the low oil price has caused major problems for the Norwegian company.

Tuesday this week, the board was able to report that it had reached a deal with its banks which mean that it has now secured financing until 2020.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Further reading

Related articles

Latest news

See all jobs