Norway: Havila Shipping to Finance Havila Subsea Vessel through Bond Issue

 

Havila Shipping ASA is contemplating a new secured bond issue with maturity in March 2017. The bond loan will be NOK 600 million.

The net proceeds from the bond issue will be directed towards long term financing of the vessel Havila Subsea.

DnBNOR Markets and Pareto Securities are retained as managers of the contemplated bond issue.

Charter contract with Subsea 7

Havila Shipping ASA has recently entered into a Charter contract with Subsea 7 for the vessel Havila Subsea for a fixed period starting in May 2011 ending 1st January 2013, with further options.

Havila Shipping ASA was established on 31 July 2003 and operates today 27 vessels; platform supply vessels, anchor handling tug supply vessels, rescue- and recovery vessels. The company has a newbuilding program of 2 vessels.

The Company’s business consept is to provide maritime support functions for international offshore oil and gas production, to own and run the assets regarded as necessary or desirable for this, and to provide associated services.

The Company’s goal is to be the leading provider of quality-assured supply services to offshore companies, both national and international. The Company aims to safeguard its long-term perspective through a balanced chartering strategy that ensures a basic cash flow combined with an assessed exposure to the spot market.

The main market for the Company’s ships is the North Sea and Asia Pacific region. 3 vessels are working in Brasil on long term contracts with Petrobras.

The Company has its head office in Fosnavåg, where it has 30 employees.

 

Source: Havila Shipping , March 10, 2011;

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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 31 1 2 3 4 5

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