Havila Announces New Contracts with Mærsk Oil and Shell

Havila Shipping ASA has entered into new contracts with Mærsk Oil for the PSV vessels Havila Clipper, Havila Herøy and Havila Fanø.

For Havila Clipper a firm contract for three years commencing 1st June 2014 with one optional period of one year from 1st June 2017. For each of Havila Herøy and Havila Fanø existing optional periods is firmed up and lengthened to five years in direct continuation of existing contracts.

After the agreement Havila Herøy will be working for Mærsk Oil until December 2019, and Havila Fanø until September 2020.

Shell has declared first optional period of one year for the PSV vessel Havila Borg currently working in West Africa. Havila Borg will work for Shell until July 2015 with further 3 optional years.

Commercial terms is based on existing contracts and for Havila Clipper based on market conditions.

[mappress]
May 19, 2014