Havila Shipping ASA has decided to lay up the AHTS vessels Havila Mars and Havila Neptune. The consequences will be to give notice to some employees and reduced needs for hire of crew. 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.
Contacts:
CEO Njål Sævik, +47 909 35 722
CFO Arne Johan Dale, +47 909 87 706
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.