Havila Shipping Disputes Allegations of Default by Banks in Refinancing

Offshore services provider Havila Shipping is disputing claims by three of its bank lenders that the company is in default of its refinancing agreements. The company had worked for months before reaching terms in October 2024 to refinance nearly $91 million of debt due at the end of 2024 related to four now sold vessels and two that it continues to operate.

Havila is one of Norway’s large supply service companies to the international offshore energy industry. The company shows a total of 11 vessels, including PSV, subsea, and RRV, on its website and reports it also manages additional ships. It provides subsea construction…