Prosafe Acquires FPSO Conversion Candidate

Prosafe has entered into an agreement to purchase M/T Kudam for US $16.5 million. The vessel is 102,000 DWT, was built in 1981 and has a storage capacity of 709,000 barrels.

Prosafe has observed a strong demand for FPSOs, and considers that the vessel is a very suitable candidate for several identified projects.