Havyard stalls delivery date for subsea vessel newbuild

Havyard Group has signed an agreement for postponement of delivery of a newbuild vessel to an unnamed shipping company, due to the difficult market situation for offshore vessels internationally. 

In July 2015, Havyard inked a deal worth NOK 700 million ($83.3M) to design and build a Havyard 858 L WE subsea vessel for an international shipping company and scheduled the delivery date for the second quarter of 2017. However, with this new agreement, the delivery date has been moved to the second quarter of 2018.

Furthermore, it was agreed that the buyer has the right to cancel the contract in March 2016, provided that the buyer in advance has paid Havyard an agreed amount.

The vessel design was developed by Havyard Design & Solutions in Norway. It will perform Inspection Maintenance and Repair (IMR) and light construction work on subsea installations and it will be able to accommodate 140 people in single and double cabins.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Posted on October 27, 2015 with tags .

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply