Nordic Business Report-January 31, 2007-Havila Shipping ASA completes sale of UK rescue recovery operations to Ocean Mainport Ltd (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian offshore vessels operator Havila Shipping ASA said on Wednesday (31 January) that it has completed the sale of its United Kingdom based rescue recovery business Havila Rescue UK Ltd. Havila Rescue was sold to Ocean Mainport Ltd for NOK348m. Initially announced in October 2006, the transaction signifies Havila Shippings exit from the UK rescue recovery vessel market. The company said that at the time the deal was part of its strategy to increase focus on anchor-handling tug supply, platform supply and sub-sea construction. The deal included the vessels Havila Sky, Havila Tern, Havila Searcher, Havila Sea, Havila Clever, Havila Sun, Havila Star and Havila Tigris. Havila Shipping, headquartered in Fosnavaag in Norway, provides maritime support functions for the offshore oil and gas industry. The company is listed on the Oslo Stock Exchange and traded under the ticker HAVI. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to [email protected]))