Subsidiary to develop ammonia-fuelled wellboat

Wellboat company North Salmon Service has chosen HAV Group’s ship design business as cooperation partner to develop an ammonia-fuelled wellboat.

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HAV Group ASA: Third quarter 2023 financial results

(Fosnavåg, Norway, 24 November 2023) HAV Group ASA (HAV Group, OSE: HAV) reported revenue of NOK 193 million in the third quarter of 2023, an increase from NOK 136.6 million in the same quarter last year. As guided in the second quarter presentation, HAV Group expected weaker operating result in the second half 2023. EBITDA* for the third quarter ended at NOK -17.0 million (5.3). Order intake in the quarter was strong at NOK 288 million (61).

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HAV Group presents at Redeye Theme: Cleantech

On November 28th, at 10:25 AM, CEO Gunnar Larsen will present the latest developments in the HAV Group at Redeye.

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Webcast: Invitation to presentation of Q3 2023 financial results

HAV Group ASA invites investors, analysts and journalists to a webcast presentation of its third quarter 2023 financial resul

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Successful test of hydrogen fuel cell with control system for HAV Hydrogen and Norwegian Electric Systems

HAV Hydrogen and Norwegian Electric Systems (NES) have completed a successful laboratory test of a hydrogen fuel cell in combination with a maritime control system. The successful test is a continuation of the FreeCO2ast project that has developed a high-capacity hydrogen-based energy system that can be retrofitted onboard ships.

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HAV Group completes acquisition of Undheim Systems

HAV Group ASA has today successfully completed the acquisition of Undheim Systems AS, a provider of dynamic positioning (DP) systems for vessels. Undheim Systems will be integrated with HAV Group’s subsidiary Norwegian Electric Systems (NES) to develop semi-autonomous and autonomous vessel capabilities.

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Financial results for the second quarter of 2023

(Fosnavåg, Norway, 30 August 2023) HAV Group ASA (HAV Group, OSE: HAV), the enabler of the green transition at sea, reported revenue of NOK 200.3 million in the second quarter of 2023, an increase from NOK 159.9 million in the same quarter last year. The operating result (EBIT) was NOK 59.6 million in the second quarter, versus NOK 13.9 million last year. Revenue and profits are positively affected by a reversal of a previously accounted provision of NOK 46.9 million.

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Webcast: Invitation to presentation of second quarter and half-year 2023 financial results

HAV Group ASA invites investors, analysts and journalists to webcast presentation of the second quarter and half-year financial results 2023.

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Excited to be a part of "Business on the Rock" conference!

Gunnar Larsen, CEO of HAV Group, and Siv Remøy-Vangen, Managing Director of Norwegian Electric Systems, will be sharing insights during the conference Friday 4 Agust 2023 in Rauma, Norway.

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HAV Group chosen to develop ESVAGT SOV

Reference is made to the stock exchange announcement dated 5 July 2023 regarding HAV Group’s ship design business being chosen to develop another methanol-fuelled offshore wind service operation vessel (SOV) for ESVAGT. HAV Group has now signed the final contract with ESVAGT’s chosen shipyard.

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HAV Group targets green transition for short sea transport

6 June 2023 – By combining technologies and competence from all its subsidiary companies, HAV Group has launched a commercial initiative to provide complete solutions for emission reduction in short sea transport.

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HAV Group becomes industrialization partner for ammonia cracking technology close to market breakthrough

​31 May 2023 – HAV Group ASA has agreed to become industrialization partner for Pherousa Green Technologies AS (Pherousa), which is developing an ammonia cracker capable of converting ammonia to fuel cell quality hydrogen.

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HAV Group ASA to acquire dynamic positioning and autonomous vessel capabilities

9 May 2023 – HAV Group ASA has agreed to the principal terms of an agreement to acquire Undheim Systems AS, which is a provider of dynamic positioning (DP) systems for vessels. The planned technology acquisition is a strategic move that accelerates HAV Group's plans to offer digital functionality that meets the global maritime market's needs for decision support tools and autonomous ship operations.

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Subsidiary NES to support superyacht

HAV Group ASA’s subsidiary Norwegian Electric Systems AS (NES) has been awarded a contract to provide equipment deliveries and system integration services in connection with the upgrade of an undisclosed superyacht.

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HAV Hydrogen obtains DNV Approval in Principle for containerized H2 system for ships

Six months after announcing its plans to launch a deck-based containerized hydrogen (H2) energy systems for ships, HAV Group ASA’s subsidiary HAV Hydrogen today unveils details of the system that has received Approval in Principle (AiP) from DNV. The AiP is an important milestone for HAV Hydrogen in bringing the new Zero Emission Pod system onto the market and engaging with customers on the first commercial installations of the system.

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Webcast: Invitation to presentation of fourth quarter 2022 financial results

HAV Group ASA invites investors, analysts and journalists to the presentation of the fourth quarter financial results 2022.

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Esvagt/Crowley JV chooses HAV Design for US windfarm SOV

CREST, which is Crowley and ESVAGT’s US joint venture, has chosen HAV Design to develop a newbuild service operation vessel (SOV) destined for the Coastal Virginia Offshore Wind project.

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Cemre chooses NES for twin hull SOVs

Cemre Shipyard has awarded HAV Group ASA’s subsidiary Norwegian Electric Systems AS (NES) a contract to deliver energy design, and smart control systems for two “Windkeeper” service operations vessels (SOV) that the Turkish shipyard is building for GC Rieber Shipping.

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HAV Design secures US offshore wind market breakthrough

CREST has chosen HAV Group ASA’s subsidiary HAV Design to develop a newbuild service operation vessel (SOV) destined for a US offshore wind project.

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Volstad Maritime orders NES battery pack for another subsea construction vessel

Volstad Maritime has contracted Norwegian Electric Systems AS (NES) to deliver the battery package and associated control system for battery charging to the M/S Deep Cygnus subsea construction vessel.

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