Eqva ASA

Regulatory Filings • Jun 6, 2016

Caption:

Havyard is clear in what they want to achieve, including strict requirements and putting plenty of resources in finding the best possible interaction between the variables that provide the best seakeeping capabilities. (Illustration: Bow Vision)

Vice President Sales of Havyard Design & Solutions, Gisle Vinjevoll Thrane, is pleased with both the contract and the cooperation with Esvagt. "We know each other and share a mutual trust in each other. Therefore, we are able to challenge one another when it comes to developing vessels such as Havyard 832 MPV, which is winning through in a tough and dried-out market." (Press photo)

Havyard wins major offshore contract

In a dried-out and stationary oil market, Havyard has managed to win a major contract for design and equipment of a multipurpose vessel.

"We have developed a vessel which meets the demands from both shipowner and operator of the vessel. We have managed to strike a balance between technical and commercial aspects, and such being able to win an oil contract in a tough and competitive market."

Vice President Sales of Havyard Design & Solutions, Gisle Vinjevoll Thrane, is thrilled with this contract, which of course means work for both Havyard Design & Solutions and Havyard Power & Systems, in addition to several subcontractors in the region.

In addition to design, Havyard will also deliver ship equipment system packages with a total value of more than NOK 100 mill, including Havyard's own Concept Bridge™.

Innovation

Havyard 832 MPV is a multifunctional vessel. The ship is going to be constructed at the Cemre Shipyard in Turkey for the shipping company Esvagt, and will be in operation for the American Hess Corporation.

Havyard 832 MPV is additionally a result of long-term work on the hull shape and improved seakeeping capabilities.

"Our objectives have been very clear in terms of what we want to achieve, we've had strict requirements and put a lot of resources into finding the best interaction between the variables that provide the best performance and seakeeping capabilities," according to R&D Manager, Havyard Group, Kristian Steinsvik.

Development

This will become the sixth Havyard vessel contracted by Esvagt. The other contracts are four Wind Service Operation Vessels and one Crew Change Vessel. The latest contract is the first one within the oil segment.

"Through our close cooperation with Havyard, we know that we receive vessels that provide our customers with safe, innovative and efficient services," says Chief Operating Officer of Esvagt, Kristian Ole Jakobsen.

Gisle Vinjevoll Thrane of Havyard, says that their solid cooperation with Esvagt leads to good results.

"The cooperation has been a solid and long-term one. We know what Esvagt expects from us, and they know that we deliver and meet their expectations. We know and trust each other. Something which means that we challenge each other and are able to develop unique vessels like Havyard 832 MPV, winning a contract in a tough, competitive and currently dried-out market."

Work on design and ship equipment system packages will commence immediately and the vessel is due to be delivered during spring 2018.

FACTS Havyard 832 MPV

Length:	81.9 metres
Breadth:	17.6 metres
Speed:	15 knots
Bollard pull:	100 tonnes

Havyard Group ASA:

Havyard Group is a fully integrated ship technology company offering ship designs, ship construction, system deliveries and aftermarket services for vessels within the oil industry, fishing and aquaculture.

Havyard Group's main office is located in Fosnavåg, in addition to several branches elsewhere in the Sunnmøre region of Norway, in Tromsø and in Haugesund. Havyard is also represented in Poland, Croatia, Turkey, Brazil, Singapore and China.