Havyard Wins New Subsea Vessel Order

Havyard has signed contract for design and construction of a Havyard 858 L WE subsea vessel for an international shipping company.

The vessel, a newly developed Havyard 858 L WE design, having the shipyard NB 123, is scheduled to be delivered second quarter 2017.

The contract is valued at approximately NOK 700 million (USD 89 mln).

Lasse Stokkeland, head of the business area Ship Technology in Havyard Group and responsible for the shipyard in Norway said: “We have been through a time where our capacity has been stretched to the limit and we have built very many prototypes simultaneously.”

“It meant that we did not have as good control of the production as we wanted and the results were weaker than expected. We have implemented many measures to strengthen project execution and the result is that we are back on schedule and budget. The order book we have before us now has a better composition of sister vessels and prototypes and is better adapted to our overall capacity. Our focus is to continuously work on restructuring and streamlining to further increase our competitiveness. We see that we still have great potential to be more cost effective, while we will maintain the requirements for quality and delivery precision. This way we will ensure profitable construction at our shipyard in Norway also in the future,” concludes Stokkeland.

The Havyard 858 L WE design is developed by Havyard Design & Solutions in Norway. The vessel will perform IMR (Inspection Maintenance and Repair) and light construction work on subsea installations. The vessel will have DP3 (Dynamic Positioning) Class which among other things provide extra safety and redundancy against flooding and fire, the company said.

The vessel accommodates 140 people in single and double cabins.

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