May 21, 2025 / 08:00AM GMT
Terje Askvig - Prosafe SE - Chief Executive Officer
Welcome to the Q1 2025 presentation for Prosafe. So the last quarter or last -- so this year actually been a very positive and active year for the company, and we have reached several milestones.
And just covering operation, has been good in the quarter, so no sort of unexpected events. Last, we have fixed, as we have announced earlier, the Zephyrus for another 2.5 years in Brazil. That was an extension of the current contract. That means we do not have to go in and do sort of cleaning of the hole. So it's going to -- actually has gone straight onto the new contract or the extension of the contract at a slightly higher rate.
We did sell the Concordia and Scandinavia in the quarter. So that means that we're now left with the five core vessels. We are working on reactivation of the Boreas and Caledonia. And of course, I will come back to the Notos that we are in a very good position to extend the contract or renew the contract for Notos for another four years.
Numbers were fairly stable versus where we should be, and the cash
Q1 2025 Prosafe SE Earnings Call Transcript
May 21, 2025
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