Havila Shipping ASA : First Quarter 2013 accounts

by Hans | April 23rd, 2013

Havila Shipping ASA achieved a profit before tax of NOK -19.6 m in Q1 2013, compared with NOK -3.5 m in Q1 last year.

Total operating income and gains was NOK 330.4m in the Q1 of 2013. Total operating income for corresponding period last year was NOK 357.5m. The reduction is mainly related to the decrease in net foreign exchange gains.

The group had 27 vessels in operation per 31/03/2013. RRV vessel Havila Runde was sold in Q1. Four of the vessels are operated by the 50 % owned company in Singapore, Posh Havila Pte Ltd. One vessel is still leased through a bareboat contract.

The market for offshore service vessels in the 1st quarter at times been better than expected. Activity has been good, but as normally characterized by many available vessels.

The utilisation was 90% in Q1 for the fleet, with average day rates for vessels in the spot market almost in line with the average market rates.

Q113 Presentation
Q113 Report
Press Release Havila Shipping

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