All Havilas subsea vessels are now under contract

The shipping company Fosnavåg Havila Shipping ASA announced on Tuesday that she had signed a contract with Reach Subsea for the submarine ship "Havila Harmony", built in 2005 and converted in 2007.

The contract is of three years, with an option of renewal by two other years

By "Havila Harmony" on contract, all offshore shipping companies are three underwater vessels on contracts.

– Clearly, I am pleased to have our most Njål Sævik, CEO of Havila Shipping, who is happy to win another contract in what is called a "demanding market".

He recognizes that the contractual rates would be higher at the same time. as he acknowledges that it's the way the market is currently.

It is even more expensive when ships are idle without work.

– Having such expensive ships without income is very demanding, says Sævik. Since refinancing, completed last winter, the shipping company sold several ships that were not profitable.

These are mainly supply vessels (PSV) but also anchor handling vessels (AHST) owned and operated by Singapore.

In addition to getting rid of ships, the Fosnavåg-based shipping company has secured fixed contracts with many of the PSVs until now this year.

Last week, the shipping company received a six-month contract with Total DK for the "Havila Clipper" of the PSV

– We put the emphasis on the safety of the PSV fleet rather than to push back the last crown of each contract, says Sævik.

In recent months, some offshore companies, and therefore Havila, have marked the skin.

– We have seen a market in recent months that has not given us much respite – especially for cargo ships, says Havila Kke also believes in an improvement of the immediate future

– I think always that the recovery is a bit far, he says.

There have already been some consolidations in the offshore shipping industry, but

Sævik says that the shipping company is carefully monitoring what is happening on the market – both in terms of merger and refinancing.