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Havila Shipping ASA : Havila Shipping ASA : First Quarter 2013 accounts



   Havila Shipping ASA : Havila Shipping ASA : First Quarter 2013 accounts

RESULT FOR 1 st  QUARTER 2013
Summary
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

Contacts:

CEO Njål Sævik, +47 909 35 722
CFO Arne Johan Dale + 47 909 87 706

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Q113 Report
Q113 Presentation

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Source: Havila Shipping ASA via Thomson Reuters ONE
HUG#1695224
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