HAVILA CASTOR on its way to Norway

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Havila Voyages took delivery of its second ship, HAVILA CASTOR, at the Tersan shipyard in Turkey.

HAVILA CASTOR will start sailing the coastal route Bergen – Kirkenes on Tuesday 10th of May.

The ship has a market value of around NOK 1.2 billion and is financed with equity and a loan of EUR 46 million from Tersan shipyard and the shipyard’s bank. The loan is for a period of 3 months.

The initial financing could not be carried out, because of the Russian embargo. The vessel is owned by the company HK Ship V AS – a 100% owned subsidiary of Havila Kystruten Operations AS.

Havila Voyages is already in the process of refinancing HAVILA CASTOR and the two remaining ships that will be delivered later this year, as well as HAVILA CAPELLA.

Financing of Havila Voyages’ ships in jeopardy

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On Friday, April 8th, the EU extended sanctions against Russian companies. GTLK, the owner of the leasing company in Hong Kong that has financed HAVILA CAPELLA, is among the sanctioned companies.

Havila Voyages assumes that the sanctions will prevent GTLK from carrying out the financing of the three remaining vessels being built at the Tersan shipyard in Turkey.

“We support sanctions against Russia in this dire situation the world is in and are now working to refinance HAVILA CAPELLA to break all ties with sanctioned and Russian-owned companies”, says CEO Bent Martini at Havila Voyages.

“Havila Capella is the only one of our ships that is financed and leased from GTLK. The remaining ships are owned by the Tersan shipyard until we take delivery of them”.

HAVILA CAPELLA is awaiting approval from the Norwegian authorities to sail. Il it cannot sail on Thursday April 14, the whole 11-day voyage will be cancelled. This will be decided on Thursday April 14, noon time.

Havila Voyages takes delivery of its first of four new coastal cruise ferries

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The Tersan Shipyard built HAVILA CAPELLA has been delivered to Havila Kystruten (Havila Voyages). The ship is on its way to Norway, where she will start her sailings on the traditional coastal route from Bergen on 1 December.

The owner says the ship has the world’s largest battery pack, with an autonomy of four hours.

Next ship will be delivered in January. Ships three and four arrive in the summer of 2022.

Havila Voyages is headquartered in Fosnavåg on Sunnmøre, and more than half of the shares are owned by the Sævik family.

The First Two Havila Voyages Ships Have Been Launched

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The first two of Havila Voyages’ four new coastal ships, HAVILA CASTOR and HAVILA CAPELLA, were launched at the Tersan shipyard on Saturday 5 September.

Arild Myrvoll, CEO of Havila Kystruten said that because of the pandemic, the first two ships will not be ready for the new year as originally planned.  “It looks like delivery may take place during Q1 of 2021,” he said.

In anticipation of the new ships, Havila Voyages has received approval for two replacement vessels, but the demand for the coastal route between Bergen and Kirkenes is currently very uncertain, and the need for capacity at the start of the new contract on 1 January 2021 is under evaluation.

Havila Voyages has an agreement with the Norwegian Ministry of Transport to operate four of the eleven ships that sail the classic coastal voyage between Bergen and Kirkenes from 2021 to 2030. The seven other ships will be operated by Hurtigruten.

It is unclear when ships number 3 and 4 will be delivered, as the Spanish yard went bankrupt.

The ships will have LNG propulsion and the world’s largest battery packs.


By | 2020 Newsletter week 8 | No Comments

Havila Voyages Orders Two New Coastal Route Vessels from Tersan

Havila has decided to build the 3rd and 4th passenger vessels called HAVILA POLLUX and HAVILA POLARIS in Tersan Shipyard, where the first two passenger vessels called HAVILA CAPELLA and HAVILA CASTOR are already under construction.

The construction of the first two vessels are progressing as planned at Tersan’s new building facilities in Yalova city and they are scheduled to be launched in May.

Construction of the two vessels at the Spanish shipyard Barreras was brought to a halt due to the shipyard’s financial problems.

The passenger vessels are part of Havila’s contract with Norwegian Ministry of Transport for the operation of four vessels in Bergen – Kirkenes Coastal Route as from 2021.

Now this route is being operated by Hurtigruten. As from 1 January 2021, the route will be operated 7 days by Hurtigruten and 4 days by Havila. The return trip from Bergen to Kirkeness takes 11 days, and each day one ship leaves Bergen.

Despite the uncertainty of the situation regarding the Spanish yard Barreras, Havila Voyages has sufficient equity and loan approval to fully finance all four vessels at Tersan, says CEO of Havila Voyages Arild Myrvoll. “Barreras’s financial problems and the suspension of construction at the Spanish yard have led to challenges for Havila Voyages that will affect early operations. Two new vessels will be delivered and are scheduled to sail from January 2021. While we wait for the next two vessels, we will use replacement vessels, and provide good and safe transport and meet our customers’ expectations.”

Havila Voyages has inspected several potential replacement vessel candidates, and the company says it is in ongoing commercial dialogue with stakeholders.

Chartering ships from Hurtigruten looks unlikely, as the latter needs its ships for year-round expedition cruises along the Norwegian coast (homeporting in Dover, Hamburg or Bergen). These voyages have been for sale for almost a year.

Even Hurtigruten’s veteran NORDSTJERNEN is on a long-term charter, reaching into 2023. During the off-Arctic season, she will serve as a hotel ship on yards where we Hurtigruten is upgrading ships.

A replacement ship needs to be strong ship and be able to maneuver in rough weather in small ports. Draft is shallow, max 5.30m. There should be a side ramp for cargo.