Prosafe suspends dividends to shareholders

The Oslo-listed operator of hotel and service rigs, Prosafe, has been hit by the crisis in the oil and gas industry as reflected in the company's result for the third quarter.


Prosafe, the world's largest operator of hotel and service rigs, which is listed in Oslo and headquartered in Cyprus, reported a USD 71.3 million operating profit and a USD 53.2 million net profit in the third quarter. The chartering of the company's rigs totaled 81 percent against 96 percent in the same period last year.

This is according to the third quarterly results published Thursday, which not surprisingly finished considerably lower than 2014 levels.

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

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

See all jobs