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Havila Shipping ASA (HAVI.OL)

HAVI.OL on Oslo Stock Exchange

2.14NOK
21 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Havila Shipping is planning repair issue of shares
Wednesday, 14 Dec 2016 10:27am EST 

Havila Shipping ASA : Key information for the planned repair issue . Says is planning a repair issue of shares in company directed towards company's shareholders other than Havila Holding AS as per date of shareholders meeting .Eligible shareholders will be offered to subscribe for shares in company at same price as Havila Holding AS is paying in directed share issue; 0.125 Norwegian crown.  Full Article

Havila Shipping Q3 operating profit before depreciation down at NOK 112.6 mln
Wednesday, 30 Nov 2016 08:53am EST 

Havila Shipping ASA : Q3 total operating income 253.4 million Norwegian crowns ($30 million) versus 377.7 million crowns year ago . Fleet utilization was 68 pct in q3 2016, 88 pct exclusive lay up vessels .Q3 operating profit before depreciation 112.6 million crowns versus 177.9 million crowns year ago.  Full Article

Havila Shipping receives notice from secured bank lenders concerning facilities
Thursday, 24 Nov 2016 07:15am EST 

Havila Shipping ASA : Has received notice from secured bank lenders collectively that they intend to accelerate relevant facilities, and proceed with formal acceleration notices imminently .Has concluded that restructuring proposal as set out in stock exchange notice dated Nov 9 is only viable alternative to a bankruptcy.  Full Article

Havila Shipping says three more vessels will be laid up
Tuesday, 22 Nov 2016 04:35am EST 

Havila Shipping ASA : Says three more vessels will be laid up . As consequence about 70 marine crew will be affected through layoffs and resignations .Lay up of each vessel will take place as soon as practically possible.  Full Article

Havila Shipping: Extended contracts for two vessels
Wednesday, 16 Nov 2016 04:52am EST 

Havila Shipping ASA : Total E&P UK Ltd has extended firm period for PSV vessel Havila Aurora until May 2017 with six optional periods, each of one month .Statoil has declared option for RRV vessel Havila Troll; optional period is for one year from Nov. 2016 until Nov. 2017.  Full Article

Havila Shipping: remarks to restructuring proposal from HAVI08
Monday, 14 Nov 2016 03:15am EST 

Havila Shipping ASA : Remarks to the restructuring proposal from HAVI08 as set out in letter from bondholder group of Nov. 11, 2016 . Bondholder group indicates in HAVI08 letter that 22 million Norwegian crowns ($2.6 million)can be provided as fresh equity in form of cash to issuer . Says is of opinion that HAVI08 restructuring plan will not obtain support of secured and unsecured banks, and therefore will fail .Says cannot confirm support to HAVI08 restructurings plan as it is presented in summons of Nov. 10, 2016 and explained in HAVI08 letter.  Full Article

Havila Shipping Q2 operating income before depreciation at NOK 111 mln
Wednesday, 17 Aug 2016 03:18am EDT 

Havila Shipping Asa : Q2 operating income 260.2 million Norwegian crowns ($31.70 million) versus 408.2 million Norwegian crowns year ago . Q2 operating profit before depreciation 110.6 million Norwegian crowns versus 203.0 million Norwegian crowns year ago .Havila Shipping achieved an operating income before depreciation of 111 million Norwegian crowns in Q2 2016, compared with 203 million Norwegian crowns in Q2 2015.  Full Article

Havila Shipping ASA: Contract with Petrobras terminated
Wednesday, 17 Aug 2016 03:01am EDT 

Havila Shipping ASA : Reg-Havila shipping ASA: contract with Petrobras terminated . Petrobras has terminated the contract for Havila Favour .Contract was blocked by local tonnage and certificate needed for operation in Brazil was not renewed..  Full Article

Havila: changes to chartering contract for vessel Havila Phoenix
Tuesday, 19 Jul 2016 03:00am EDT 

Havila Shipping ASA : Agreed with DeepOcean changes to chartering contract for subsea vessel Havila Phoenix. .Agreement reduces payable dayrate for period in exchange for a contract extension..  Full Article

Havila Shipping enters into two new contracts for PSV Vessels
Friday, 3 Jun 2016 03:00am EDT 

Havila Shipping ASA : The company has entered into a contract with Statoil for the PSV Havila Foresight for a firm period of one year, giving Statoil four optional periods, 6 months each . The contract is in direct continuation of existing contract that ends 1. July 2016 . The company has entered into a contract with Total UK for the PSV Havila Aurora for a firm of 3 months, giving Total UK three optional periods, one month each .Havila Aurora has started the work.  Full Article

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UPDATE 2-Havila Shipping sets Nov. 28 deadline to avoid bankruptcy

* Has received notice from secured bank lenders collectively that they intend to accelerate relevant facilities, and proceed with formal acceleration notices imminently