Cotemar Group has informed Prosafe that by mid-March the Safe Regency will be suspended and that it is likely that the Safe Lancia also will be suspended by PEMEX due to spending cuts.

Such suspensions will mean that both vessels are likely to be swiftly demobilized to a suitable lay-up location.

Prosafe says the Safe Britannia is currently being demobilized out of Mexico and is available for charter, while the Jasminia and the Safe Hibernia are being prepared for cold-stacking in the US.