Havila Shipping Enters Long Term Charter Contract for Havila Subsea Vessel (Norway)

Havila Shipping ASA has entered into a Charter contract with Subsea 7 for the vessel Havila Subsea for a fixed period starting in May 2011 ending 1st January 2013, with further options.

Havila Subsea is of Havyard 855 design and currently under construction at Havyard Leirvik. The vessel will be delivered from the yard upon start of contract, after some adjustments of equipment related to the contract.

Havila Shipping ASA was established on 31 July 2003 and operates today 27 vessels; platform supply vessels, anchor handling tug supply vessels, rescue- and recovery vessels. The company has a newbuilding program of 2 vessels.

The Company’s business consept is to provide maritime support functions for international offshore oil and gas production, to own and run the assets regarded as necessary or desirable for this, and to provide associated services.

The Company’s goal is to be the leading provider of quality-assured supply services to offshore companies, both national and international. The Company aims to safeguard its long-term perspective through a balanced chartering strategy that ensures a basic cash flow combined with an assessed exposure to the spot market.

The main market for the Company’s ships is the North Sea and Asia Pacific region. 3 vessels are working in Brasil on long term contracts with Petrobras.

The Company has its head office in Fosnavåg, where it has 30 employees.

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Source:Havila , February  11, 2011;