New SubSea construction wessel

The board of directors in Havila Shipping ASA has decided to enter
into a contract with Havyard Leirvik AS for building of a large
Subsea Construction vessel with new developed design - Havyard 860.
The value of the contract will be approximately NOK 1.500 million
including owner delivery of offshore cranes.  Delivery is planned in
spring 2011.
The newbuilding is based on well known and tested principles.  The
overall length will be 160 meters, breath will be 28 meters and will
have a cargo deck of 2400 m2.
The wessel will have accommodation for 140 persons and will have
moonpool, two offshore cranes and ROV-hangar.
Per today Havila Shipping operates twelve vessels, five PSV vessels,
four AHTS vessels, 1 Subsea vessel and two Rescue vessels   and
further ten vessels under construction for delivery before the end of
2010.
Contact;
CFO Njål Sævik tel +47 909 35 722