Prosafe Extends Standstill Agreement – Petro.no



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Prosafe extends for the sixth time the status quo agreement with Cosco's court in China

The parties are trying to hear about three ships in the yard, announces the company in a message [19659003]. Safe Vega is extended until August 10, 2018. If the two companies do not agree, Prosafe has the right to cancel the contracts due to delays. They can also claim a refund of interest of about $ 60 million.

Prosafe is also working on finding a solution for Safe Eurus. The housing facility to be delivered before the end of 2019 is kept in strategic edition

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