Havila Shipping and DeepOcean reach settlement over contract termination

Norway’s Havila Shipping has announced that it has reached a settlement with DeepOcean over last month’s contract termination for subsea vessel Havila Phoenix.

The settlement agreement between the two companies includes both a cash settlement and the acquisition of ownership to A-frame, trencher and ROVs previously owned by DeepOcean.

Havila Shipping terminated the charter claiming that DeepOcean was in breach of contract after seeking court protection in the UK to wind up its activities there.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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