Prosafe Se (PRSEF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.695 Welcome to the Q1 2025 presentation for ProSafe. 00:00:05.735 -- 00:00:10.904 so uh the last quarter or last you know this year actually been a 00:00:10.904 -- 00:00:16.593 very positive and active year for the company and we have reached several milestones 00:00:16.593 -- 00:00:21.882 and just the covering operation has been good in the quarter so no sort of 00:00:21.882 -- 00:00:24.206 unexpected events 00:00:24.206 -- 00:00:30.136 last we have a fixed as we have announced earlier the sephiris 00:00:30.136 -- 00:00:32.019 for another two and a half years in Brazil. 00:00:32.019 -- 00:00:34.602 That was an extension of a current contract. 00:00:34.602 -- 00:00:39.148 That means we do not have to go in and do sort of cleaning of the hull. 00:00:39.148 -- 00:00:44.295 So it actually has gone straight on to the new contract or the extension of the contract 00:00:44.295 -- 00:00:49.702 at a slightly higher rate. We did sell the Concordia 00:00:49.702 -- 00:00:55.069 and Scandinavia in the quarter. So that means that we're now left with the five 00:00:55.069 -- 00:01:00.909 core vessels. We are working on reactivation of 00:01:00.909 -- 00:01:03.872 Boreas and Caledonia. 00:01:03.872 -- 00:01:09.458 And of course, I will come back to the notice that we are in very good position to extend 00:01:09.458 -- 00:01:14.283 the contract or renew the contract for a notice for another four years. 00:01:14.283 -- 00:01:17.206 Numbers are fairly stable versus where we should be. 00:01:17.206 -- 00:01:23.748 And the cash position is quite strong. We will come back to that. 00:01:23.748 -- 00:01:29.098 I think, you know, what's the achievements in a quarter and looking forward, 00:01:29.098 -- 00:01:34.247 I think all the activity we see both in Bra...