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Prosafe ( (GB:0J5Y) ) has shared an update.
Prosafe reported 100% fleet utilisation for December 2025, with its Brazilian units Safe Eurus, Safe Notos and Safe Zephyrus, as well as Safe Caledonia in the UK, all delivering near-perfect commercial uptime, underscoring strong operational performance and demand. Ithaca Energy has exercised all remaining options for Safe Caledonia through February 2026 and issued a letter of intent for a further six-month firm period plus three months of options in 2027, while Safe Boreas has begun earning full day rates ahead of a 15‑month firm contract expected to commence in the first quarter of 2026, supporting Prosafe’s strategy to extend backlog at higher day rates, enhance efficiency and cost control, and drive revenue, EBITDA and long-term value creation in a robust market for its high-end vessels.
More about Prosafe
Prosafe is a leading owner and operator of semi-submersible accommodation vessels, supplying offshore living quarters and related services to the energy industry. The company is listed on the Oslo Stock Exchange under the ticker PRS and focuses on providing high-end offshore accommodation capacity in key regions such as Brazil and the UK North Sea.
Average Trading Volume: 1,322,124
Current Market Cap: NOK1.14B
For a thorough assessment of 0J5Y stock, go to TipRanks’ Stock Analysis page.