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2014-05-19

Havila Shipping ASA : New contracts securing fourteen PSV vessel years firm with Mærsk Oil and Shell

Havila Shipping ASA has entered into new contracts with Mærsk Oil for the PSV
vessels Havila Clipper, Havila Herøy and Havila Fanø.

For Havila Clipper a firm contract for three years commencing 1stJune 2014
with one optional period of one year from 1stJune 2017.

For each of Havila Herøy and Havila Fanø existing optional periods is firmed
up and lengthened to five years in direct continuation of existing contracts.

After the agreement Havila Herøy will be working for Mærsk Oil until December
2019, and Havila Fanø until September 2020.
Shell has declared first optional period of one year for the PSV vessel Havila
Borg currently working in West Africa. Havila Borg will work for Shell until
July 2015 with further 3 optional years.
Commercial terms is based on existing contracts and for Havila Clipper based
on market conditions.
Contacts
CEO Njål Sævik, +47 909 35 722
CFO Arne Johan Dale, +47 909 87 706

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Havila Shipping ASA via Globenewswire

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