The subsea vessel Havila Phoenix has since 2013 served DeepOcen, under a
charterparty with firm period until May 2023 with further options.
On the 18 November 2020 Havila Shipping received a letter from DeepOcean
containing information regarding their intension to seek protection under
British law for wind up of the UK based activities, including the company that
has chartered Havila Phoenix.
After having finalized the project Havila Phoenix was engaged in at receipt of
the letter mentioned, Havila Shipping ASA has received no instructions regarding
further use of the vessel.
DeepOcean has, as a result of their activities, or lack of activities, ended up
in breach of contractual obligations, including payment default.
Havila Shipping ASA, today has, as a consequence, terminated the charterparty.
Further, Havila Shipping ASA has requested payment from DeepOcean Group Holding
BV in Netherland under the Parent Company Guarantee issued to fulfil the
chartering company's contractual obligations.
As a consequence of the termination Havila Shipping ASA will immediately offer
the vessel to the market.
Contacts:
CEO Njål Sævik, +47 909 35 722
CFO Arne Johan Dale, +47 909 87 706
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act