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 . 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 …

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