Oslo-listed Havila says the 210-tbp Havila Mars (built 2007) and the 202-tbp Havila Neptune (built 2008) will be tied up in Norway as it does not expect the market to improve in the short to medium term.
Arne Johan Dale, chief financial officer of the shipowner, told TradeWinds: “We expect the situation to last for a few years.”
He estimates 90% of the costs associated with the ships will be removed following today’s decision, suggesting expenses on each will drop to around NOK 10,000 per day.
