Havila Shipping ASA has secured a 136-day platform supply vessel contract with TotalEnergies EP Norge AS, with the PSV Havila Herøy scheduled to commence operations in March 2025. The engagement represents continued commercial activity for the Norwegian shipping company's fleet despite broader financial headwinds.
The contract award occurs as Havila Shipping navigates significant debt pressures from its lending consortium. DNB Bank ASA, Swedbank AB, and Danske Bank A/S have initiated prepayment demands on outstanding debt facilities, creating near-term liquidity challenges for the company. The timing of the TotalEnergies commitment underscores the company's operational capacity to service existing contracts while addressing creditor obligations.
Additionally, Havila Shipping faces legal proceedings after losing its case in Oslo District Court. The company has announced plans to pursue an appeal of the judgment, indicating ongoing dispute resolution efforts. These concurrent developments—new contract wins, debt restructuring demands, and litigation—reflect the complex financial and operational environment currently facing the company.