On 2 December 2015 Havyard Ship Technology AS
("Havyard") announced that an agreement was made with
the buyer of hull no. 126, a Havyard 833 WE platform
supply vessel, for postponement of the delivery time
of the vessel from March 2016 to June 2017.
The buyer has worked on several projects for long-term
charter of the vessel, which is a prerequisite for
obtaining long-term financing in today's market. The
buyer has not yet succeeded to obtain such long-term
charter / financing, and the parties have therefore
agreed that the buyer shall pay an additional pre-
delivery installment as a condition for a postponement
of the delivery time of the vessel until April 2019.
The payment is due early in January 2017.
A postponement of the delivery time until 2019 will
lead to a lower capacity utilization at Havyards yard
in 2016/2017, as well as postponement of the project
result.
For further information, please contact:
CEO, Havyard Group ASA
Geir Johan Bakke
Mobile: (+47) 481 80 011
This information is subject to disclosure under the
Securities Act ยง 5-12.