Prosafe Secures $110 Million in Funding to Expand Offshore Accommodation Vessel Fleet

In a significant boost to its growth and operational capabilities, Prosafe, the leading owner and operator of semi-submersible accommodation vessels, has successfully raised $110 million in a recent funding round. This timely capital injection will enable Prosafe to further solidify its position in the offshore support sector, enhancing its fleet of six semi-submersible accommodation, safety, and support vessels, as well as its Tender Support Vessel (TSV). With a versatile combination of dynamically positioned and anchored vessels, Prosafe is uniquely suited to adapt to nearly all offshore environments, meeting the demands of an evolving industry. The company also has exciting plans on the horizon, holding the option to take delivery of two new build harsh environment vessels currently preserved at COSCO Shipping (Qidong) Offshore Co. Ltd in China. This strategic funding will help expedite the integration of these assets, ultimately expanding Prosafe's service offerings and improving operational efficiency. With offices strategically located in Aberdeen, Stavanger, Rio de Janeiro, and Singapore, Prosafe aims to leverage this new capital to enhance its service capabilities across global markets. As the company continues to innovate and invest in high-quality maritime solutions, stakeholders can look forward to an even more robust and competitive Prosafe, listed under the ticker PRS on the Oslo Stock Exchange. The successful funding round marks a pivotal moment for Prosafe, setting the stage for sustained growth and leadership within the offshore accommodation sector.