Prosafe (GB:0J5Y) has released an update.
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Prosafe, a leader in semi-submersible accommodation vessels, reported a fleet utilization rate of 57% for May 2024, with all operational rigs achieving full utilization. The company has also secured a Conditional Letter of Intent for the Safe Boreas to support a project off Western Australia for at least 15 months starting Q2 2025. Meanwhile, Safe Caledonia and Safe Scandinavia are laid up and awaiting future assignments.
For further insights into GB:0J5Y stock, check out TipRanks’ Stock Analysis page.
