Havila Buys Havila Neptun

Havila Shipping ASA has upped its stake in KS Havila Neptun -- completing the purchase of the final 70% of the vessel.

After this, the vessel will be 100% owned by Havila Shipping ASA. The AHTS- vessel of Havyard 842 design will be delivered from Havyard Leirvik during the first quarter of 2008.

The length of the vessel is 75 meters, while the engine power is 17.500 BHP. KS Havila Neptun has a bollard- pull of approx 200 tonnes.

The purchase price of this percentage of the vessels is based on a vessel price of approx NOK 375 million.