Norway: Havila Shipping Secures Long Term Charter Contracts

Havila Shipping ASA has entered into a long term charter contract with Deepocean for the 2009 built Subsea vessel Havila Phoenix.

The contract is for a firm period of 7 years with 4 optional periods each of 1 year.

Commencement is Q1 2014.

The contract includes an agreement about some reconstruction of the vessel ahead of the commencement.

The 2011 built IMR vessel Havila Subsea have finalised the work for Statoil under the current charter contract with Subsea 7. The contract is extended and the vessel will continue to work for Subsea 7 for the most of this year.

The total value of the contracts is above NOK 1 billion for firm periods.

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Press Release, February 15, 2013