The Fosnavaag based Havyard Group AS has reached record profits for 2011. Earnings before tax have more than doubled from NOK 98 million in 2010 to NOK 210 million last year.

Havyard Group AS has sold yet another Havyard 832 design, the 15th of its kind. Yesterday, Vestland Offshore ordered a PSV vessel, with an option for one further delivery.

Forland Shipping and Havyard Group have agreed on a major new contract for the construction of a subsea vessel.

The state-of-the art diving support vessel, the Seven Havila, has achieved a world first in the number of divers working on the seabed.

The first ever ship of a Havyard design built for Chinese shipowners was last week launched in Shanghai.