Havyard reaches agreement with banks

A day after its longtime CEO stepped down, Havyard Group has reached an agreement with its banks and the shipping companies that are having ships built at the struggling yard in Leirvik, Norway.

Photo: PR/Havyard

Struggling Norwegian shipbuilder Havyard has settled an agreement with its banks and several shipping companies.

The agreement ensures that all ships currently being built at Havyard Ship Technology in Leirvik, Norway, will be completed.

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