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    Havila Shipping goes further down subsea route

    News // July 7, 2006

    Havila Shipping ASA has entered into a charter agreement with TS Marine (Contracting) Ltd in UK regarding the vessel Havila Harmony.

    The PSV will be converted and upgraded for subsea operations. The contract has a duration of three years firm with 1 + 1 yearly options, and has a total value including options of approximately US$73 million.

    Havila Harmony will be working with TS Marine for oil companies in Australia waters. Start-up for the contract will be during March 2007, after the vessel has complete its conversion.

    The contract will give Havila Shipping ASA further opportunities in the subsea - Havila Shipping recently decided to enter into a newbuilding contract for a 100 per cent owned subsea construction vessel with delivery in May 2008.


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