Independent journal on economy and transport policy
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Havila Shipping announces the success of the debt workout with banks
the agreement - it has emphasized the company - will allow, in spite of the current crisis, to maintain liquidity sufficient in order to operate until 2018
January 5, 2016
Havila Shipping, quoted Norwegian company to the Stock exchange of Oslo that work a fleet of 27 ships to service of the offshore industry constituted by nine unit AHTS, from 14 PSV, three ships for the inspection, maintenance and repair of the platforms and an unit for the recovery and rescue, has announced today to have reached an agreement with banks that they finance the company that guarantees to Havila more favorable conditions for the restitution of the debit. The agreement is subject to the approval by the bondholders of a vital increase of pairs at least 200 million Norwegian crowns.
Havila has emphasized that "the deterioration of the offshore market has had, so as on the other main operators of the field, a remarkable impact on the company. The market of means offshore - it has explained the Norwegian company - is characterized by an offer that exceeds the question by far. Because of the limited one I use of the fleet and the low level of the hires, many ships employed in this field have generated inferior revenues to the operating costs". Havila has remembered that in order to tackle to this situation the company it has adopted measures, between which the mass in disarmament of ships and other initiatives in order to reduce the costs that - it has evidenced the company - will beginning from have full load effect on the economic results of the society those of the first trimester of this year.
Havila has specified that, in sight of the onerous financial engagements that the company will have to face in three years 2016-2018, the agreement reached with the financial institutions will allow with the company, in spite of the current crisis, to maintain liquidity sufficient in order to operate until 2018.
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
Havila Shipping, quoted Norwegian company to the Stock exchange of Oslo that work a fleet of 27 ships to service of the offshore industry constituted by nine unit AHTS, from 14 PSV, three ships for the inspection, maintenance and repair of the platforms and an unit for the recovery and rescue, has announced today to have reached an agreement with banks that they finance the company that guarantees to Havila more favorable conditions for the restitution of the debit. The agreement is subject to the approval by the bondholders of a vital increase of pairs at least 200 million Norwegian crowns.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
