Havila Shipping recorded freight revenue of NOK139.9 million ($13.3 million) in the second quarter of 2026, down NOK25.6 million year-on-year and NOK24.4 million from the previous quarter.
The company said average assignment rates and fleet utilisation were slightly higher than in the first quarter.
Operating expenses totalled NOK86.4 million, an increase of NOK2.7 million from the second quarter of 2025 but a decrease of NOK3.4 million from the previous quarter.
Earnings before depreciation and amortisation fell to NOK59.4 million from NOK91.3 million a year earlier.
The company reported a pre-tax loss of NOK12.3 million, compared with a profit of NOK8.7 million in the second quarter of 2025. The value adjustment of debt was approximately NOK0 million during the quarter, compared with a negative NOK22.3 million in the prior-year period.
As of June 30, Havila Shipping operated 12 vessels from Fosnavåg, including four on behalf of external owners, with fleet utilisation reaching 99.3 per cent during the quarter. Its fleet comprises eight platform supply vessels, three subsea vessels and one rescue recovery vessel.
For the first half of 2026, total operating income fell to NOK266.3 million from NOK347.5 million in the same period of 2025, resulting in a pre-tax loss of NOK59.7 million.
At the end of the second quarter, the company had 348 seafarers employed across its owned and managed vessels, alongside 12 administrative staff.