Havila Sells Eight Recovery Vessels

Thursday, October 19, 2006
Havila Shipping ASA has signed a Heads of Agreement with Ocean Mainport Ltd group regarding sale of the UK based rescue recovery operations (RRV). Eight vessels are included in the transaction which will be completed by selling 100% of the shares in Havila Rescue UK Ltd and expected to be closed before yearend. The total transaction value is estimated to be approximately NOK 348 mill, and gives Havila Shipping ASA a total booked profit before tax of approx. NOK 65 mill. The cash effect will be approx. NOK 95 mill. Havila Shipping ASA will grant a secured seller credit of NOK 15 mill. The vessels included in the sale; Havila Sky, Havila Tern, Havila Searcher, Havila Sea, Havila Clever, Havila Sun, Havila Star and Havila Tigris. Handover will take place ultimo November. Through this transaction Havila Shipping ASA is out of the RRV market on UK sector. Further, this deal is a part of the company strategy to put more focus into the areas of AHTS, PSV- and Sub Sea Construction.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Sales

How France Sank Japan's Sub Dream

Ousting of Japan ally PM Abbott opened door to rivals; Tokyo slow to respond to new competitive process. In 2014, a blossoming friendship between Australian

Samsung Heavy Loses $4.6-bln FLNG Order

South Korea’s shipbuilder Samsung Heavy Industries (SHI), the world’s third-largest shipbuilder,  has received a contract termination for three floating liquefied

Japan wants Australian Explaination for Failed Sub Bid

Japan wants Australia to explain why it decided not to pick a Japanese design for a new fleet of submarines choosing instead a proposal from France's DCNS. "The decision was deeply regrettable,

Coast Guard

Disabled Fishing Vessel Towed to Maine

The 60-foot fishing boat Paulo Marc was towed by the crew of U.S. Coast Guard Cutter Moray after the fishing vessel became disabled Wednesday about 90 miles east of Portland, Maine.

Fishing Crew Missing off Wales

The U.K. Coastguard is searching for the crew of a sunken fishing vessel near St David’s Head, Pembrokeshire.   The Coastguard said it received a 999 call from

USCG Uses Skiff Ice Boat to Rescue Injured Man

The U.S. Coast Guard medically evacuated a man off of a dredging barge in Lake Erie near Sandusky, Ohio, Wednesday evening. At approximately 5:45 p.m., a good

 
 
Maritime Contracts Maritime Security Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0514 sec (19 req/sec)