Search results for: safe

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  • 28 July 2017
    Business & Finance

    Monaco-based dry bulk shipping specialist Safe Bulkers has managed to reduce its net loss in the second quarter of 2017 to USD 1.6 million as compared to USD 9 million reported in the same period in 2016. Net revenue for the three-month period ended June 30, 2017 increased by 34% to USD 35 million from […]

  • 14 August 2018
    Business & Finance

    Safe Bulkers has availed of attractive prices to expand its presence in the Capesize market.

  • 27 September 2017
    Business & Finance

    Well-Safe Solutions, a specialist well abandonment company, has appointed a director of well abandonment bringing the senior team to nine since launching the company this summer. Well-Safe said on Tuesday that Matt Jenkins joined Well-Safe from Conoco where he led its UK P&A (plugging and abandonment) engineering and strategy and was involved in the Southern […]

  • 1 June 2016

    Prosafe, an owner and operator of semi-submersible accommodation vessels also known as flotels, is working on a solution regarding the delivery of its newbuild flotel Safe Eurus to better fit its contractual obligations.  Prosafe’s capital commitments for the year relate to yard installments, which mainly comprise the final installment on Safe Eurus. Given recent shifts in the contract […]

  • 1 November 2017
    Business & Finance

    Monaco-based dry bulk shipping specialist Safe Bulkers managed to return to profitability in the third quarter of 2017, after seeing losses for an extended period. In the three months ended September 30, the company’s net income reached USD 6.7 million as compared to net loss of USD 24.5 million reported during the same period in […]

  • 28 February 2020
    Business & Finance, Rules & Regulation

    Safe Bulkers has pushed the installation of scrubbers on five of its vessels for the second quarter of the year.

  • 20 April 2016
    Business & Finance

    Dry bulk shipping company Safe Bulkers has managed to extend maturity of an existing credit facility with Nordea secured by one of its Capesize class vessels with an outstanding commitment of USD 30.3 million. Under the deal, the maturity will be pushed by two years from June 2019 to June 2021 and the balloon payment initially scheduled to be […]

  • 15 October 2014
    Business & Finance, Equipment, Exploration & Production

    Prosafe, a Cyprus-based owner of offshore accommodation rigs, has informed its accommodation rig Safe Bristolia has sustained damage in a storm last week.  The company has said that last week, operation of the rig was suspended due to damages sustained to lifeboats after experiencing extreme weather. The rig will be demobilised from the field for […]

  • 30 May 2018
    Business & Finance

    Safe Bulkers managed to return to profitability in the first quarter of this year.

  • 15 February 2018
    Business & Finance

    Safe Bulkers’ net loss reached USD 86.6 million in 4Q 2017, against USD 4.6 million reported a year earlier.

  • 4 September 2019
    Business & Finance, Rules & Regulation

    Scrubber were installed on five vessels by the end of August 2019.

  • 16 July 2019
    Business & Finance

    The company’s 2009-built vessel now features an open loop, U-Type, Alfa Laval PureSOx scrubber.

  • 26 April 2016
    Exploration & Production

    A district court in Jæren, Norway has decided that all 229 employees who were dismissed from COSL Drilling in June 2015 can participate in a class action suit that the Norwegian union of energy workers, SAFE, has filed against the company.  In June 2015, the Norwegian oil company Statoil cancelled a contract it had with the […]

  • 29 May 2017
    Exploration & Production

    Norwegian base for supply activities to the petroleum fields, Coast Center Base (CCB), and Safe Yards have entered into a close cooperation agreement for the winterization of drilling rigs. The two companies said in a joint statement that the cooperation agreement was signed on Friday, May 26. Sveinung Vethe, project manager for CCB Yard Services, […]

  • 14 September 2020
    Business & Finance, Business developments & projects, Infrastructure, Operations & Maintenance

    Well-Safe Solutions has acquired the West Epsilon jack-up rig from Seadrill sparking another job boost for the company. Namely, this move will create around 100 new jobs.

  • 17 January 2020
    Business & Finance

    Safe Bulkers has entered into sale and leaseback agreements with respect to eight vessels.

  • 14 January 2020
    Business & Finance

    Prosafe has missed its final payment to China’s Cosco shipyard for the Safe Notos flotel amid talks with lenders meant to secure financial flexibility for the longer term.

  • 23 January 2018
    Exploration & Production

    Prosafe expects to see an end of its dispute with Westcon in March.

  • 4 August 2016
    Business & Finance

    Dry bulk shipping company Safe Bulkers has secured USD 16.9 million of financing for the construction of a new Kamsarmax class vessel, scheduled for delivery in the first half of 2018. An unaffiliated investor would provide the funds in exchange for a 2.95% cumulative redeemable perpetual preferred equity, to be issued upon the delivery of the ship. “This arrangement allows the company […]

  • 8 March 2018

    Prosafe has won a court case against Westcon related to cost overruns for the conversion of the Safe Scandinavia unit. 

  • 30 April 2018
    Business & Finance, Operations & Maintenance

    Well-Safe Solutions said it has now set up five different P&A clubs to reduce the cost of well plug and abandonment, following interest by operators in the North Sea. The P&A club concept, launched recently by the Aberdeen-based well abandonment specialist, introduces a new commercial model that tackles late-life activity. By becoming a member of […]

  • 3 June 2016
    Business & Finance

    Dry bulk owner and operator Safe Bulkers sank further into the red during the first quarter of the year having reported a net loss of USD 17.8 million, almost tripling the loss of USD 6 million posted during the same period in 2015. Adjusted net loss for the first quarter of 2016 was USD 14.4 million as compared […]