Havyard Ship Technology AS has today signed an agreement
with the buyer of NB 126, a Havyard 833 WE platform supply
vessel, on postponement of delivery of the ship from March
2016 to June 2017.
The buyer has worked with several projects for long-term
employment of the ship, which is a condition for obtaining
long-term financing in today's market. The buyer has not yet
succeeded with this and Havyard has therefore decided to
enter into an agreement with the buyer to postpone the
delivery time. It is further agreed an increase of the
buyer's payments during the construction period and that the
buyer will pay Havyard Ship Technology a compensation for
the postponement.
Based on this agreement, it is not expected that the project
results are affected due to the postponement of delivery
time. However, the postponement will lead to lower capacity
utilization at Havyard Ship Technology in 2015, and deferral
of margins for the project. This will have a negative effect
on the result for Havyard Group in 2015 in the order of NOK
20 million due to lower capacity utilization and NOK 10
million due to deferral of margins.
For further information, please contact:
Senior VP, Havyard Group ASA
Gunnar Larsen
Mobil: (+47) 901 05 694
This information is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.