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    Havyard agrees to postpone delivery of Fafnir newbuild

    Vessel & ROV News // December 3, 2015

    Havyard Ship Technology has signed an agreement with Fafnir Offshore, for whom it is building a Havyard 833 WE platform supply vessel (PSV), to postpone delivery of the ship from March 2016 to June 2017.

    In a statement, Havyard said the shipowner was still trying to find a long term contract for the ship, which is a condition for obtaining long-term financing in today's market.

    "The buyer has not yet succeeded with this and Havyard has therefore decided to enter into an agreement with the buyer to postpone the delivery," the company said.

    Postponing delivery will lead to lower capacity utilization at Havyard Ship Technology in the remainder of 2015 and have adverse financial effects for Havyard group.

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