Prosafe, Jurong Shipyard Agree on Flexible Delivery of Safe Zephyrus Vessel

Prosafe SE reported Thursday that the company and Jurong Shipyard Pte Ltd. in Singapore have agreed to a flexible delivery of the Safe Zephyrus to align with Prosafe’s contract portfolio.

If Prosafe defer delivery until after end 2015, Prosafe’s capital expenditure guiding for 2015 will be reduced by an amount equivalent to the final instalment of the Safe Zephyrus capital expenditure.

The Safe Zephyrus is complete and on budget.

Prosafe is the world's leading owner and operator of semisubmersible accommodation vessels. Operating profit reached $248.3 million in 2014 and net profit was $178.8 million. The company operates globally, employs 800 people and is headquartered in Larnaca, Cyprus.

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