Reach Subsea ASA: Exercising option for the subsea vessel Havila Subsea  

Haugesund, 31.08.2023: Reach Subsea ASA has extended an option with Havila Shipping for the vessel Havila Subsea, for a fixed period of 1 year.  
The existing contract for Havila Subsea lasts until 31.12.23 and includes an option for 1 year, which has now been exercised. Following the exercise, the Havila Subsea is chartered until 31.12.2024. The commercial terms of the charter agreement are confidential between the parties.  

“We are in the middle of the busiest period in our history, our order backlog is strong, and the tender volume is at all-time high. With the extension of the Havila Subsea contract we further strengthen our fleet capacity for continued long-term growth,”

Jostein Alendal, CEO

“We are delighted to sustain our fruitful partnership with Havila Shipping. This collaboration has been affirmed through the successful operations of the Havila Subsea spread for many years.”

Jostein Alendal, CEO

For more information please contact:  

Birgitte Wendelbo Johansen  
Chief Financial Officer  
Reach Subsea ASA  

About Reach Subsea:  

Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad and Brazil. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus. 

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jorunn Håvardsholm, Marketing and Communications Manager at Reach Subsea ASA on the time and date provided.