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Havila Shipping ASA ( (DE:H4S) ) has issued an announcement.
Havila Shipping ASA reported a significant increase in freight income for the first quarter of 2025, reaching NOK 166.3 million, a notable rise from the previous year. Despite higher operating costs, the company achieved a result before tax of NOK 18.8 million, marking a substantial improvement from the previous year’s NOK 0.1 million. The company is currently involved in a legal dispute with three banks over a restructuring agreement, which it claims has not been breached. Fleet utilization remained high at 97.4%, and the company continues to operate 14 vessels, with a focus on maintaining strong operational performance.
More about Havila Shipping ASA
Havila Shipping ASA is a company operating in the shipping industry, primarily focusing on the operation of vessels. The company manages a fleet of 14 vessels, including platform supply vessels (PSVs), subsea vessels, and a rescue recovery vessel (RRV). Havila Shipping ASA is based in Fosnavåg, Norway, and employs over 400 seafarers.
Average Trading Volume: 82,510
Current Market Cap: NOK344M
See more insights into H4S stock on TipRanks’ Stock Analysis page.