Havila establishes joint venture company in Far EastNews // June 27, 2006
Havila Shipping ASA and PACC Offshore Pte Ltd have decided to join forces in the Far East offshore support vessel market with a jointly owned company under the working name of PACC Havila Pte Ltd, owned 50/50 by the parties.
In a statement, Havila said: "It is the aim of the parties, through a long-term co-operation, to become a leading operator in the market for offshore service vessels and related offshore activities in Asia and Australasia, a market of considerable future potential."
The Joint Venture will have its main office in Singapore and, during 2007 and 2008, will take delivery of six 8,000bhp AHTS vessels from a reputable yard in the region.
The parties aim to grow the company further in the offshore support vessel market in the region.
PACC Offshore Pte Ltd part of the PCL group, which owns and operates bulk carriers, tankers and container vessels, and has an extensive shipping operation globally.