Havila Shipping News

Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly at the time of writing. Moreover, we register an interesting dynamic on the shipowner side, where everyone is trying to position themselves for the impeding market boom.Please note that vessel definitions and abbreviations in this part of our industry can vary…

Solstad Offshore's subsidiary, Solstad Rederi, has sold the Anchor Handling Tug Supply (AHTS) vessel Nor Spring.The 2008-built, 70-meter-long AHTS vessel has been in layup in Asia since 2020. "Delivery of the vessel to the new owner took place today, November 1, 2023," Solstad Offshore said, without disclosing the name of the buyer."The sale of the vessel will result in a positive accounting effect of approximately MNOK 50 to be reflected in the Q4 2023 accounts," the company said.According to MarineTraffic…

Norwegian offshore vessel owner Havila Shipping said Monday it had sold the platform supply vessel Havila Commander and the AHTS vessels Havila Jupiter and Havila Venus, following demands from lenders.A day later, Norway-based offshore vessel operator DOF announced the expansion of the fleet "with the addition of the high end AHTS Skandi Jupiter and Skandi Mercury, formerly known as the Havila Jupiter and Havila Venus respectively.""DOF are proud to be selected by the vessel’s new owners to be commercial and technical managers of these advanced offshore support vessels which will add to…

Norwegian offshore vessel owner Havila Shipping said Monday it had sold three vessels following demands from lenders.Havila Shipping said that, under its restructuring agreement, it had sold the platform supply vessel Havila Commander and the AHTS vessels Havila Jupiter and Havila Venus."The ships are scheduled to be delivered to new owners at the beginning of November. The sales proceeds will be used to repay the debt and will have a limited effect on the company's liquidity…

Havila Shipping announced it has secured contract extensions for two of its platform supply vessels (PSV).The Norwegian offshore support vessel owner said on Tuesday it has entered into an agreement with Equinor Energy AS for the PSV Havila Clipper for extension of the existing contract until June 2024. It is also agreed an optional period for 6 months for the period to December 2024.In addition, Havila said it entered into contract with Peterson Den Helder BV for two optional periods each of one year, for the PSV Havila Borg.

Norwegian offshore support vessel owner Havila Shipping has secured contract extensions for two platform supply vessels.Havila said Monday that Peterson Den Helder had declared the 12 months optional periods for the PSVs Havila Borg and Havila Herøy.The extended period will end in April 2024.Financial details were not disclosed. The Havila Borg platform supply vessel, currently moored in Aberdeen, UK, was built by Havyard in 2009. It is 78.6 meters long, and has a deck space of 800 m2. The Havila Heroy, currently in Den Helder, the Netherlands, was also delivered by Havyard in 2009. It is 80.4 meters long and has a deck space of 805 m2.

The Norwegian oil and gas company Equinor has given a longer-term charter to the Island Commander offshore supply vessel.The vessel, which is owned by Island Offshore, is currently on spot assignment for the same company.The 2009-built offshore vessel will now stay on a charter with Equinor for another seven months. Equinor will have two two-month options to extend the contract further.Island Offshore says that with this contract, it now has two offshore supply vessels and one walk-to-work vessel working for Equinor. Battery packs have been installed on all three vessels. In addition, Island Offshore said it was working with Equinor to assess the possibilities for modifying the LNG-powered vessel Island Crusader to use ammonia as fuel.Earlier this week…

Norway-based Havila Shipping ASA said it has entered into contracts with Peterson Den Helder BV for two of its platform supply vessels (PSV), Havila Borg and Havila Herøy.Havila Borg has been chartered for a fixed period of six months, plus one optional period of 12 months.Havila Herøy has been chartered for a fixed period of a drilling campaign estimated to 90 days, plus one optional period for up to 370 days.Havila Borg has already started its latest contract, and Havila Herøy will start on the new contract on October 18 in direct continuation of work for Peterson.

Norwegian offshore shipping company Havila Shipping has agreed to sell platform supply vessels Havila Aurora and Havila Fortune for an undisclosed sum.Havila Aurora was delivered on Thursday to the buyer, which Havila did not identify. Havila Fortune is scheduled to be delivered within the next month. "The sale of the vessels is according to the present restructuring agreement," Havila Shipping said.According to Havila Shipping, the buyer has committed not to operate the vessels within the offshore sector.

Norwegian offshore vessel owner Havila Shipping has won vessel contracts with Nexans Norway and Peterson Den Helder. The company also secured work of one AHTS with an unnamed client.Nexans Norway has chartered Havila Shipping's subsea vessel Havila Phoenix. Havila said Tuesday that the contract was in direct continuation of the existing contract. It is firm until the end of October 2022, with 60 optional days after that.Havila Shipping has also entered into a contract with Peterson Den Helder BV for the PSV vessel Havila Herøy for a fixed period of 70 days plus options.Contracts related to project work are also entered into for the AHTS vessel Havila Venus for a fixed period of total 64 days plus options, Havila Shipping said.

Norwegian offshore vessel owner Havila Shipping this week announced it has been awarded two separate platform supply vessel (PSV) charter contracts.On Monday, the company said it entered into a contract with Harbour Energy for the 2010-built, 85-meter Havila Commander. Estimated to commence in January 2022, the contract is for a firm period of four wells, with one well option.On Tuesday, Havila Shipping said it entered into contract with Amilcar Petroleum Operations for the 2009-built, 78.6-meter Havila Borg. The contract is for a firm period estimated to four months included mobilization and demobilization, with optional periods for up to two months. Commencement will be between January 15 and February 15, 2022.

Norwegian offshore vessel owner Havila Shipping has sold the platform supply vessel Havila Crusader.Havila Shipping said Friday it had sold the platform supplier to a foreign owner, "who will use the vessel outside the offshore industry. "The firm said that the sale was completed at the requirement of a lender in accordance with the clauses of the restructuring agreement. Built in 2010 by Hellesøy Yard, the 85-meter long Havila Crusader is a platform supply vessel of the VS 485 CD design.

Norwegian offshore vessel operator Solstad Offshore has won a contract for its construction support vessel Normand Samson.The CSV Normand Samson was chartered by a major oil service firm for a minimum of 350 days, with the possibility to extend for an additional 150 days, according to the company. Solstad did not say who the client was.The contract will start during Q2 2022. "The vessel will be utilized on a field development project in South America," Solstad Offshore said.Built in 2009, the 121,5 meters long Normand Samson can accommodate 100 people aboard.

Subsea services firm Reach Subsea has awarded a contract extension for Havila Shipping's Havila Subsea IMR, survey, and construction vessel.The contract is for a fixed period of two years and three months starting October 1, 2021, ending December 31, 2023.Reach Subsea has the option to extend the contract by one year until December 31, 2024. According to available info, Havila Subsea is suitable for launch and recovery operations with ROVs, ROTVs, AUVs, and geotechnical equipment. "The commercial terms of the charter agreement are confidential between the parties. The vessel is already mobilized and part of our marketed fleet," Reach Subsea said on Wednesday.Reach Subsea CEO Jostein Alendal: "We are experiencing positive market development across our segments…

Offshore cable maker Nexans has extended the charter for Havila Shipping's Havila Phoenix subsea construction vessel.The extension is for a period of 100 days, with further options for 40 days. The contract will keep Havila Phoenix working for Nexans up to February 2022. "For a part of the extended period Nexans also rent the T3200 Trencher which will be operated from the vessel," Havila said.Nexans first struck a deal to charter the Havila Phoenix subsea construction vessel back in January…

Norwegian offshore vessel operator Havila Shipping has won contract extensions for two of its platform supply vessels with Total in Denmark.Havila said Monday that Total DK, a Danish subsidiary of the French oil major Total, had declared extension options for the contracts for the 2010-built Havila Fanø and 2009-built Havila Herøy offshore vessels.Total DK has declared options for three months from June 1, 2021, for the two platform supply vessels and has options for further extensions for 4x1 months for each vessel.  According to AIS data, the 80,4-meter-long Havila Herøy is currently in the Danish North Sea, serving Danish oilfields. The Havila Fano is in the Port of Esbjerg.

Norwegian offshore shipowner Havila Shipping has won a contract with Equinor for one of its platform supply vessels.The company said Thursday the PSV Havila Clipper would start working rot the Norwegian oil giant in direct continuation of the existing contract."The contract is for a firm period of 70 days with options for 20 days," Havila Shipping said. It did not provide details on the value of the contract.Equinor in February awarded an 8-month contract for the vessel, with four…

Norwegian offshore vessel operator Havila Shipping has secured a contract for its platform supply vessel Havila Borg.The contract is with IKM Acona AS, a company providing well management and engineering services for the oil and gas industry.IKM Acona, created last year after IKM bought Acona, will take 78.60 meters long, Havila Borg is for one well, with the contract period estimated at between 35 to 90 days.IKM Acona has the right to exercise options to extend the contract for the 2009-built vessel for up to two additional wells…

Norwegian offshore vessel owner Havila Shipping has settled a dispute with subsea services provider DeepOcean.The dispute, now settled, came to light after Havila in December said it had terminated the contract with DeepOcean for the Havila Phoenix vessel, citing the latter's breach of contract obligations, and seeking payment.The subsea vessel Havila Phoenix has since 2013 served DeepOcean, under a charter with a firm period until May 2023. The deal included further extension options beyond May 2023.However…

Norwegian offshore vessel provider Havila Shipping has said that Shell has cut the contract for the Havila Crusader platform supply vessel early.The vessel was chartered from January 18, 2020, for a period of 2 wells firm in the UK, when, according to Havila Shipping, the parties agreed on an estimated charter period of one year. "The parties have different views on the obligation of Shell UK Limited in a charter party based on 2 wells. The company will consider which steps to take towards Shell UK Limited as a result of the early redelivery…

Norwegian offshore vessel owner Havila Shipping has struck a debt restructuring deal with lenders, conditional upon approval from formal bodies. At January 1, 2020, Havila's outstanding debt was NOK 4,222 million (around $410 million), which for each vessel will now be split into an interest-bearing tranche and a non-interest-bearing tranche. The sizing of the interest-bearing tranche is based on the expected debt service capacity of each vessel during the restructuring periodDebt higher than the expected interest-bearing tranche will be non-interest-bearing.

Norwegian offshore vessel owner Havila Shipping has secured a long-term contract for its platform supply vessel Havila Commander.Havila Shipping said Thursday that the contract was with Total E&P UK, the UK subsidiary of the French oil major Total.The new contract for the 2010-built platform supply vessel is for a firm period of 18 months. The contract will begin in mid-April 2020 in direct continuation of its current contract.The 85 meters long Havila Commander PSV has worked for Total E&P UK since April 2012.

Rolls-Royce Commercial Marine has been awarded a contract to install its next generation Energy Management System across nine vessels in the Havila Shipping fleet: four anchor handling tug supply (AHTS) ships, four platform supply vessels (PSV) and one rescue and recovery vessel (RRV).The Energy Management System (EMS) was first introduced in November 2017 by Rolls-Royce, as part of a suite of vessel Intelligent Asset Management (IAM) products, and has since then been installed…