15 February 2024 - Dry cargo shipping group Wilson has chosen HAV Group's water
treatment business to deliver the ballast water treatment systems to six 3,800
dwt newbuild bulkers that are being constructed at Udupi Cochin Shipyard in
India.
 
Under the contract, HAV Group's water treatment business will supply its energy
efficient ballast water treatment system (BWTS) to the six newbuilds. The
company has not disclosed the value of the contract. 
The award includes options to deliver the BWTS system to eight additional bulker
newbuilds that Wilson is building at Udupi Cochin Shipyard. 

"Wilson is an important customer of our water treatment business, which to date
has equipped more than 100 of Wilson's vessels. Low power consumption and
effective utilisation of available space is particularly important for small
cargo vessels, where available space equals potential revenue. Our BWTS system,
which is very compact, energy efficient and comes with functionality for remote
access and assistance, is therefore a great fit for these bulkers," says Gunnar
Larsen, CEO of HAV Group ASA. 

HAV Group's water treatment business will manufacture the ballast water
treatment systems at its headquarters in Fosnavåg, Norway, and deliver them to
Udupi Cochin Shipyard. The business supplies ballast water treatment systems and
other systems for purification of water for use in the aquaculture industry and
in the maritime sector.

HAV Group's contract party is Norwegian Greentech AS, which is headquartered in
Fosnavåg, Norway. The contract has been booked as order intake in the fourth
quarter of 2023. 

(ENDS)

For further information, please contact:
Gunnar Larsen, CEO
gunnar.larsen@havgroup.no
+47 901 05 694

About HAV Group | www.havgroup.no 
HAV Group and its subsidiaries (together: "HAV Group") is an international
provider of technology and services for maritime and marine industries. HAV
Group has several decades of industry experience, in addition to special
expertise in guiding the marine and maritime industries through the green shift
and towards the goal of zero emissions. HAV Group ASA is listed on Euronext
Growth under the ticker code HAV.