Havila Shipping disposes of PSV

Havila Shipping disposes of PSV

Havila Shipping has entered into an agreement for the sale of its 1996-built platform supply vessel Havila Fortress as part of its debt conversion scheme.

Following the sale it is expected that lenders and Havila Holding will exercise warrants through debt conversions into new shares according to the company’s debt conversion scheme decided in January 2017. The company’s number of shares will increase by approximately 1.674m to approximately 23.778m shares following the sale.

Havila Shipping completed a restructuring at the end of February 2017, which is intented to give Havila breathing room financially through to 2020.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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