Earnings Release • Feb 17, 2016
Earnings Release
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Havila Shipping ASA : Impairment as per 31.12.2015
The markets Havila Shipping operates its vessels in are very challenging. Impact
on vessel values are significant. Market values based on a willing seller and
willing buyer is uncertain. The considerations done by the company must be seen
in light of the mentioned uncertainty.
The BOD of Havila Shipping ASA has following impairment testing decided to write
down vessel values and accrued maintenance values totaling to NOK 1,388 million
in the Q4 2015 accounts.
The company will publish preliminary forth quarter accounts/preliminary annual
accounts 2015 on 29 February.
Contacts:
CEO Njål Sævik, (+47) 909 35 722
CFO Arne Johan Dale (+47) 909 87 706
[HUG#1986892]
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