Norway: Havyard Wins Contract for Delivery of Two PSVs of Havyard 832 Design

Havyard Group AS has signed a contract with the Indian shipping company Global Offshore Ltd for delivery of a PSV vessel, including an option for one further vessel. The Indian shipping company, known as Garware Offshore until just recently, has changed its name due to an expansion from only operating within India to operating in the global offshore market.

Global Offshore is listed on the Mumbai stock exchange and has to date 12 vessels in operation. The contract is for delivery of two ships of a Havyard 832 design, vessels number 13 and 14 of this specific Havyard design from the Herøy-based company.

CEO Geir Johan Bakke of Havyard Group AS is delighted with the new contract, a contract to the value of around NOK 500 million.

Global Offshore Ltd is a very good customer of ours. These will be constructions number 6 and 7 that our own shipyard in Leirvik will deliver for this shipping company; and the last one was the PSV vessel “Beaucephalus”, delivered last year. This was a Havyard 832 L SE-design. The fact that the Indian shipping company signs a contract for two new supply vessels is recognition of the work that we have done here at Havyard. In addition, it is another confirmation of exactly how attractive the Havyard 832 has proven to be,” says Bakke.

The outfitting of these two vessels will be done at Havyard Group`s shipyard at Havyard Ship Technology in Leirvik, and the vessels will be delivered during the first and second quarter of 2013.

Havyard Wins Contract for Delivery of Two PSVs of Havyard 832 Design

This will also lead to considerable subcontracts within the business areas of Havyard Design & Engineering and Havyard Power & Systems. Besides, Norwegian Electric Systems, where Havyard Group is a co-owner, will deliver complete electric propulsion,” informs CEO Geir Johan Bakke.

Vice Chairman of Global Shipping Ltd, Aditya Garware, is also delighted with the new contract. “We are very happy to be able to continue developing our excellent cooperation with Havyard Group, a cooperation that has ensured a healthy growth for both of our companies, says Garware.”

(500 million Norwegian kroner = 86.2855 million U.S. dollars)

Shipbuilding Tribune Staff, November 16, 2011; Image:havyard

Share this article

Follow World Maritime News

Posted on November 16, 2011

In Depth>


<< Oct 2016 >>
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Seatrade Maritime Middle East 2016

Seatrade Maritime Middle East – the maritime meeting place for the Middle East – returns this year under the patronage of His Highness Sheikh…

read more >

Danish Maritime Days 2016

At this year’s Danish Maritime Days, four themes will highlight some of the most important challenges and opportunities which the global…

read more >


SHIPTEC CHINA builds up itself into a more outstanding, influential and well-reputed maritime event in northern China…

read more >

Danish Maritime Technology Conference 2016

A part of Danish Maritime Days 

For the first half of 2016, the key buzzword of the maritime industry have been ‘The Fourth Industrial Revolution’. The global maritime industry stands in the midst of a market with changing dynamics, where emerging technologies give endless possibilities with an unprecedented processing power.

The emerging technologies have opened up for new products and services that increase efficiency through the entire maritime value chain. The Danish Maritime Technology Conference looks at the key drivers emerging in and from the Fourth Industrial Revolution – the technologies, the products and the services that leads this market change.

The new waves of accelerating technological development require new forms of conducting agile business, given the speed at which innovation and disruption takes place. Members of Danish Maritime are global market leaders within the maritime industry, and together with specialists they will discuss their core challenges and present their solutions to a game changing market.

More info

read more >