Havyard to Buy Stake in Shipowning Company of MV Lewek Inspector

Havyard Ship Invest AS (“Havyard”) has on 14 November 2013 agreed with Forland Subsea AS (“Forland”) to acquire a 25 % stake in the shipowning company for Forland’s new subsea construction vessel, Lewek Inspector.

The vessel is scheduled for delivery from Havyard on 14 November 2013 and will immediately commence a five year contract with Emas AMC.

The agreement underlines the solid relationship between Forland and Havyard and will serve to strengthen the Forland Group’s financial position.

Press Release, November 14, 2013