Havila Shipping Wins Long Term Contract from Norsk Hydro

Havila Shipping ASA

Havila Shipping ASA has entered into a charter agreement with Hydro for the Muly-Field Standby vessel Havila Runde. The contract has a duration of five years firm, with 2x1 yearly options, and has a total value of approximately NOK 260 million included options.

From 2002 this vessel has covered multi field rescue recovery duties on Oseberg/Troll in the North Sea. This contract will be in directly continuation of this. This contract consolidates the position of the company as a long- term offshore service partner, and strengthens the relationship between Hydro and Havila Shipping ASA.