Havyard Ship Technology AS has signed a contract with Sartor Offshore AS for the delivery of a Havyard 832 L platform supply vessels with option for an additional ship. The ship will be built at Havyard Ship Technology's yard in Leirvik in Sogn and will be delivered in January 2012. The option is scheduled for delivery in June 2012. The contract price for the new building is in excess of NOK 300 million. The first ship will have NB No. 103

Havyard 832, developed by Havyard Design & Engineering has been a great success for Havyard Group and ship owners who have ordered this design. This contract, which is for a Havyard 832 L PSV is the eleventh in the series of this design type. Havyard 832 has defined a new segment of medium-sized platform supply ships and offers greater load capacities, better flexibility, better performance and lower fuel consumption than competing designs. The proof of this is that almost all of the contracted Havyard 832 have long term contracts and get very positive feedback from the owners and crew about the capabilities of the ships that are put into operation. This is also reflected in the high second hand market value of the vessels.

The company that has ordered the ship is Sartor Offshore AS in cooperation with Pareto. Sartor Offshore aims to be among the leaders in the MRV and PSV segment and has an ambitious program to renew the fleet over the next few years. Sartor Offshore currently operates a total of 24 offshore vessels and has over 600 employees. The headquarters of company located in Sotra and they also have a separate operating company in Aberdeen.

We expect that activity will pick up, and the need for this type of vessels will increase in future years. This, together with a need for renewal of both our own fleet and the PSV fleet generally means that this is a correct decision. The vessel has the highest environmental class, NOFO 2009 and fits into our strategy of increasing our share of PSV.
We are also pleased to be able to build in Norway, which again shows that the yards here are competitive, especially in design and quality but also on price, "said Roy Wareberg, CEO of Sartor Offshore AS

Havyard 832 L is a development of the previously designed and delivered Havyard 832. Experience from previous designs and feedback from the shipyard and shipping company makes Havyard 832 L an even more market-adjusted and building friendly design. The good capabilities from the previous ships are being continued and further developed in terms of economy, large, flexible capacity to carry a lot of load types, good comfort for the crew and to reduce the impact on the environment (Clean Design, optimized hull lines, diesel-electric propulsion, catalysts, etc.). Havyard 832 L is a large PSV well equipped to provide services to most types of service and supply contracts to the offshore oil industry. In addition to the large, flexible cargo capacity, the ship, among other things, is equipped for oil spill response (NOFO 2009).

In addition to that Havyard Design and Engineering will provide design and Havyard Ship Technology Department Leirvik will build the ship Havyard shall deliver a range of other products and services to the project:
- Detailed engineering and drawings
- Electrical Engineering
- Electrical Installation
- Havyard IASTM and PMS
- Havyard ConceptBridgeTM
- Havyard Bridge Watch System
- Havyard Multi Control System
- Havyard Communication, Information & Entertainment System
- Havyard Lifecycle ServiceTM

The ship has the following main data:

Loa: 86 m
Width: 17.6 m
Deadweight: 4200 tons
Deck area: 900 m2
Speed: 15 knots
Accommodation: 25 persons

It is very gratifying that Sartor Offshore selects Havyard as designer and builder when they are expanding their fleet of platform supply vessels. We depend on demanding customers to develop and it is great for us to get ideas from new customers in addition to the good we already have. It is of course also very valuable to secure the employment of our yard in Leirvik so that we have continuity to continue to develop the expertise and facilities there. Havyard 832 has been success for Havyard and we see that the development work we have put into this design pays off. We have succeeded in developing a modern, environmentally friendly and competitive PSV which is sought after in the market of both ship owners and charterers says CEO Geir Johan Bakke in a comment.

For further information please contact Havyard Group:

CEO, Geir Johan Bakke, telephone +47 48180011
SVP, Gunnar Larsen, telephone +47 90105694