Following up on their letter of intention this month, Prosafe has finalized contracts with COSCO (Qidong) Offshore Co. for the engineering, procurement and construction of two Gusto MSC Ocean 500 designed semi-submersible accommodation vessels, plus options for an additional four units. Total cost for each unit is in excess of USD $200 million.
These vessels will sleep 500, are DP3-equipped, and include a 10-point chain mooring system and 300 ton capacity cranes. Once delivered these vessels will be available for charter worldwide, with the exception of offshore Norway according to Prosafe.
Prosafe notes the vessels will be named Safe Notos and Safe Eurus, joining Prosafe’s other newbuilds Safe Boreas and Safe Zephyrus, all named after the gods of wind in Greek mythology.
The American Bureau of Shipping (ABS) has approved Front-End Engineering Design (FEED) documents for a groundbreaking deep water floating offshore wind platform created by US-based ECO TLP, Inc. and MOCEAN-Offshore...
U.S. President Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in Venezuela by his predecessor Joe Biden more than two years ago, accusing President Nicolas Maduro of not making progress on electoral reforms and migrant returns.
Mexico is working with the United States to reach an agreement on tariffs before an impending deadline, a senior Mexican government official said on Wednesday, and the U.S. recognized its work to control migration and fentanyl trafficking.
February 27, 2025
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