The financing totals €370 million and covers payment to Tersan on delivery of Havila Polaris and Havila Pollux as well as redemption of existing debt related to all ships.

Polaris has been slated for return – "at the latest" – on 29 December 2022 and Pollux on 22 March 2023.

"It is a great relief to have the refinancing of our ships in place. It has been a demanding period with a lot of uncertainty for the company, employees and not least our guests," said chief executive Bent Martini.

"Delivery challenges for critical components on the next two ships, and thus some further delays, is of course very regrettable, especially for everyone who has booked a trip with us and not least for the coastal population."

The company will contact passengers affected by the changes and offer similar voyages on Havila Capella and Havila Castor, or alternatively voyages with the newest ships later.