Prosafe reports continued strong demand and rising days rates

In a 23 March 2026 statement, Reese McNeel said, “We remain optimistic regarding the market outlook and expect continued strong demand and increasing day rates.”

Mr McNeel said the accommodation units Safe Zephyrus and Safe Notos are undergoing their special periodic surveys, which are progressing well. Once completed in April, both vessels will resume their respective contracts with Petrobras.

In the North Sea, Safe Caledonia demobilised from the Captain field in late February after completing a contract with Ithaca Energy. “We continue to consider opportunities to bridge the gap until 2027, and the potential for work in 2028 and thereafter,” said Mr McNeel.

Prosafe’s fleet utilisation in February 2026 was 96%. In Brazil, Safe Eurus, Safe Notos, and Safe Zephyrus continued to operate at full capacity in January, delivering near 100% commercial uptime. 

Safe Zephyrus and Safe Notos commenced scheduled surveys, upgrades, and maintenance work in early March. Safe Boreas continued to receive a full day rate, awaiting commencement of a 15-month firm period upon gangway connection, which is delayed and now expected during the second quarter.

Safe Caledonia had 79% utilisation at the Captain Field in the UK. Commercial uptime was 100% until the vessel disconnected on 22 February, completing nine months of operations for Ithaca Energy. 

Safe Caledonia subsequently mobilised to Scapa Flow, UK, pending future work. The vessel has a letter of intent from Ithaca Energy for six months firm and three months of options from Q2 2027.