Core Insights - Prosafe's fleet achieved 100% utilization in November 2025, with vessels in Brazil maintaining near 100% commercial uptime [1] - The company has secured contracts and Letters of Intent (LoIs) that provide visibility into future revenues and operational efficiency [2][4] Fleet Performance - Safe Eurus, Safe Notos, and Safe Zephyrus operated at full capacity in Brazil, with the Special Periodic Survey (SPS) for Safe Zephyrus postponed to 2026 [1] - Safe Caledonia maintained 100% commercial uptime at the Captain Field in the UK, with a contract extended to early February 2026 and a potential new contract valued between USD 30 million to USD 44 million expected in Q1 2026 [2] Future Contracts and Opportunities - Safe Boreas has commenced operations in Australia, with a 15-month firm period starting upon gangway connection expected in Q1 2026 [3] - The CEO of Prosafe highlighted the company's focus on capturing strong market opportunities, extending backlog at higher day rates, and achieving operational efficiencies for future revenue and EBITDA growth [4]