Havila Shipping Sells Three Offshore Vessels to Repay Debt

Norwegian offshore vessel owner Havila Shipping said 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 Havila Jupiter and Havila Venus.

All three vessels are currently in service for Shell UK and will be delivered to their new owners in early November 2023. Havila Shipping said the proceeds of the sale will be used to repay debt and are expected to have a limited impact on the company’s liquidity.

The 2010-built PSV Havila Commander is of VS 485 CD design and is currently chartered by Shell UK. The vessel, which can accommodate 23 people, is expected to become available on October 31, 2023. The 2009-built AHTS Havila Venus is also chartered by Shell UK and is anticipated to become available on November 3, 2023. This vessel is of Havyard 845 design and can accommodate 60 people.

The remaining vessel, Havila Jupiter, is slated to become available on November 1, 2023. The 2010-built AHTS, which can accommodate 60 people, is also of Havyard 845 design.

Havila Shipping has been busy securing new deals and extending existing ones. A few weeks ago, Reach Subsea exercised an option to extend an existing contract for one of the company’s inspection, maintenance and repair (IMR), survey and construction vessels.

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