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    Havyard agrees to postpone delivery of subsea vessel

    Vessel & ROV News // November 2, 2015

    Havyard Group in Norway has confirmed that Havyard Ship Technology has agreed to postpone delivery of a subsea vessel it is building.

    The contract for the Havyard 858 WE subsea vessel was signed as reecntly as June 2015. The vessel was originally due to be delivered in the second quarter of 2017.

    In s statement, the company said that due to the difficult market situation for offshore vessels it has agreed to postpone delivery of the vessel to the second quarter of 2018.

    It has also agreed that the owner has the right to cancel the contract in March 2016, provided that the buyer has, in advance, paid Havyard Ship Technology an agreed amount.

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