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Prosafe believes in the North Sea in spite of loss

Norwegian Prosafe experienced a decline in 2014 compared to the year before, though the carrier noted an improved utilization rate in the period. The company still eyes possibilities in the difficult North Sea market.

Photo: PROSAFE

Prosafe, the worlds largest hotel and service ship carrier, saw its net profit decline in 2014 compared to the year before. However the company did increase its utilization rate in the period and still sees possibilities in the tough North Sea market.

The carrier's full-year 2014 net profits came to USD 178,8 million, down from USD 191,1 million in 2013. Fleet utilization increased to 87 percent in 2014, according to Prosafe's annual report, published Monday.

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