Norway’s Havila Shipping has decided to lay up the AHTS vessels Havila Mars and Havila Neptune, which will in turn lead to workforce reduction.
The company did not say how many people would be affected.
“The decision is made as a consequence of the actual market conditions. The company does not expect that the market will improve in short- or medium-term. The main challenge is the supply side, and this measure will have a positive effect on this.
“The lay-up will take place as soon as cost savings can be achieved. The measure will have full effect in the financial statements from Q1 2016,” Havila said in a statement on Monday.