Havila to put three vessels in layup, cut 70 jobs

Norwegian offshore vessel operator Havila Shipping has decided to lay up two PSVs and one anchor handler, and lay off around 70 employees. 

The vessel owner informed in an Oslo Stock Exchange filing on Tuesday that, as a consequence of the market conditions, the company has decided to lay up two platform supply vessels, Havila Fortune and Havila Borg, and an anchor handling tug and supply vessel, Havila Mercury.

Layup of each vessel will take place as soon as practically possible.

The company added that, as a consequence, about 70 marine crew will be affected through layoffs and resignations.

The company’s PSV Havila Fortune is of a MT 6009 MK II design built in 2008 while the second PSV slated for layup, Havila Borg, is of a Havyard 832 design built in 2009.

The anchor handler Havila Mercury, the youngest of the three, was built in 2010 and it is of a Havyard 845 design.

Last week, Havila was awarded contract extensions for the PSV Havila Aurora and for the Rapid Response Vessel (RRV) Havila Troll.

The company is in the process of negotiating a new restructuring plan with its shareholders and bondholders and, if the restructuring efforts fail, the likely outcome will be bankruptcy.

Offshore Energy Today Staff