Prosafe swings to quarterly loss

Offshore accommodation rigs operator Prosafe booked a loss in the first quarter of the year as its revenues declined due to lower dayrates.

Prosafe’s operating revenues declined to $67.3 million from $82.8 million in the same period last year. The revenues dropped despite higher utilization due to lower average dayrates – approx. $125k in 2019 vs approx. $280k in 2018.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.