Havila Shipping ASA Sells Ownership in Jointly Owned Seven Havila Diving Support Vessel to Subsea 7 SA

Monday, 10 Dec 2012 03:14am EST 

Havila Shipping ASA announced that it has entered into an agreement with Subsea 7 SA, whereby Subsea 7 will acquire Havila Shipping's 50%-interest in the joint venture, Acergy Havila Limited. The joint venture owns the Diving Support Vessel "Seven Havila" which was built in 2010 and delivered to the joint venture in February 2011, upon which it immediately commenced a bareboat charter with Subsea 7. It is intended to complete the transaction during the fourth quarter of 2012. The transaction will have a positive cash effect of approximately NOK 150 million for Havila Shipping ASA. 

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