Search results for: Vard Holdings

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  • 16 August 2018
    Business & Finance

    Vard is to construct an autonomous and electric-driven container vessel for Norway’s YARA.

  • 13 November 2017
    Business & Finance

    Italian shipbuilder Fincantieri has rolled out a new proposal to seek the privatization of Vard Holdings via a voluntary delisting from the Singapore Exchange Securities Trading Limited (SGX-ST). Vard’s Board of Directors is about to convene an extraordinary general meeting to seek shareholder approval for the delisting, which is also conditional upon SGX-ST’s approval. The delisting […]

  • 14 December 2015
    Business & Finance

    Tanker shipping company Petrobras Transportes S.A. (Transpetro), a logistics arm of Brazilian state-run energy group Petrobras, has terminated the contracts for two Liquefied Petroleum Gas (LPG) carriers on order from Vard Promar S.A., a 50.5% owned indirect subsidiary of Vard Holdings. The vessels in question are the last two of a series of eight LPG carriers […]

  • 15 January 2014
    Business & Finance

    Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels,  has secured a contract with an international customer for the design and construction of one Diving Support and Construction vessel. The vessel is of VARD 3 06 design, developed by Vard Design in Ålesund, Norway. The highly advanced diving […]

  • 11 January 2016
    Business & Finance

    Norwegian shipbuilder and ship designer Vard Holdings Limited delivered the first vessel built by the company’s newest shipyard, Vard Promar in Brazil, on January 8, 2016. Featuring a capacity of 7,000 m3, the fully pressurized liquefied petroleum gas (LPG) carrier, named Barbosa Lima Sobrinho, is the second in a series to be delivered to tanker shipping company Petrobras Transporte […]

  • 5 August 2016
    Business & Finance

    Norwegian shipbuilder and ship designer Vard Holdings Limited has increased its shareholdings in the Brazilian shipyard Vard Promar from 50.5 percent to 95.15 percent. The increase in ownership results from a capital increase of BRL 532 million (USD 166.8 million) in Promar that is entirely taken up by Vard Group AS through the conversion of shareholder loans extended to […]

  • 13 August 2015
    Business & Finance

    Norwegian shipbuilder and ship designer Vard Holdings Limited has secured contracts for the construction of one stern trawler and one coastal fishing vessel with a combined value of NOK 410 million (USD 50m). Vard will build the stern trawler for a new and unnamed Canadian client. The value of the contract is approximately NOK 350 million. […]

  • 13 August 2015
    Business & Finance

    Norwegian shipbuilder and ship designer Vard Holdings Limited has secured contracts for the construction of one stern trawler and one coastal fishing vessel with a combined value of NOK 410 million (USD 50m). Vard will build the stern trawler for a new and unnamed Canadian client. The value of the contract is approximately NOK 350 million. […]

  • 13 November 2016
    Business & Finance

    Fincantieri Oil & Gas, a subsidiary of the Italian shipbuilding conglomerate Fincantieri, has launched a voluntary conditional general offer in Singapore for the ordinary shares of Vard Holdings Limited not already held by the company. The company said that the offer is for the remaining 44.37% of the Vard share capital not already held by […]

  • 12 August 2016
    Business & Finance

    Norwegian shipbuilder and ship designer Vard Holdings Limited (VARD) has confirmed that contracts for the construction of four luxury expedition cruise vessels for French cruise company Ponant have become effective. In March this year, the two companies signed a Letter of Intent that was subject to several conditions including satisfactory financing. At the end of June, the duo entered into […]

  • 16 March 2014

    Boxship Yusuf Cepnioglu Runs Aground off Greece The 116m-long Turkish boxship, Yusuf Cepnioglu ran aground on the coast of Mykonos island, the Aegean Sea, Hellenic Coast Guard reported on Saturday, March 8th 2014. VARD Secures Its Largest Single Vessel Order Vard Holdings Limited (VARD) has entered into a Letter of Intent with Solstad Offshore (Solstad) […]

  • 22 September 2015
    Business & Finance

    DOF ASA has won a contract with Chevron in Australia, for which it hired a Platform Supply Vessels (PSV) from Vard Holding’s new subsidiary. DOF has signed a bareboat charter contract for the vessel Skandi Responder with Vard for an initial duration of four months, with an option to extend by another four months, according […]

  • 2 June 2014
    Business & Finance

    Vard Holdings Limited (VARD) has entered into a Letter of Intent (LOI) with Nordic American Offshore Ltd. (NAO) for the design and construction of two Platform Supply Vessels (PSV), and an option for the third vessel. The vessels are of VARD 1 08 design, developed by Vard Design in Alesund, Norway. The hulls of the […]

  • 22 September 2016
    Business & Finance

    Norwegian shipbuilder and ship designer Vard Holdings Limited has secured a contract for the design and construction of two additional module carrier vessels for Topaz Energy and Marine. The vessels, of VARD 9 21 design and measuring 123 by 16.5 meters, are sister ships of a series of 15 identical module carrier vessels previously contracted […]

  • 13 December 2017
    Business & Finance

    The Brazilian authorities have canceled the tax claim against Vard Holdings Limited following the company’s appeal, the company said. The claim dates back to August 2014 and relates to the transfer pricing of goods and services delivered from the company’s Norwegian subsidiaries to Vard Niterói, and the tax treatment thereof. The tax assessment has been […]

  • 29 December 2016

    Italian shipbuilder Fincantieri has informed that the closing date to make an offer for Vard Holdings, a company building offshore vessels for the oil and gas industry, has been extended.  Singapore-listed Vard has around 9,000 employees and nine shipyards in Norway, Romania, Brazil, and Vietnam. Fincantieri’s subsidiary, Fincantieri Oil & Gas, in November 2016 announced its plans […]

  • 11 November 2015
    Project & Tenders

    Vard Holdings Limited (VARD), a global designer and shipbuilder of offshore and specialized vessels, has secured a new contract for the design and construction of an offshore vessel. The order was secured from an undisclosed international customer. The new offshore vessel is designed by Vard Design in Ålesund, Norway, with the hull to be constructed at Vard Braila in Romania. Vard Langsten in […]

  • 12 May 2016
    Business & Finance

    Norwegian shipbuilder and ship designer Vard Holdings Limited (VARD) has secured a USD 300 million contract for the design and construction of 15 Module Carrier Vessels for Dubai-based offshore support vessel company Topaz Energy and Marine (Topaz). Designed to carry high deck loads of up to 1800 tons, the vessels are developed to navigate the shallow river systems […]

  • 3 July 2018
    Business & Finance

    Vard has secured a new contract for design and construction of a luxury expedition cruise ship for Hapag-Lloyd Cruises.

  • 17 October 2013
    Business & Finance

    The Board of Directors of Vard Holdings Limited announced that pursuant to the rationalization of operations in Romania, Vard Piping SRL’s pipe fabrication business was integrated in the Tulcea Shipyard and its engineering division was transferred to Vard Engineering Constanta SRL, a newly incorporated subsidiary in Romania. Vard Piping SRL will be de-registered in due […]

  • 17 October 2013

    The Board of Directors of Vard Holdings Limited has announced that pursuant to the rationalization of operations in Romania, Vard Piping SRL’s pipe fabrication business was integrated in the Tulcea Shipyard and its engineering division was transferred to Vard Engineering Constanta SRL, a newly incorporated subsidiary in Romania. Vard Piping SRL will be de-registered in […]

  • 22 September 2016
    Business & Finance

    Vard Holdings Limited, a designer and shipbuilder of specialized vessels, has secured a contract for the design and construction of two additional Module Carrier Vessels for Topaz Energy and Marine.  According to Vard’s statement on Thursday, the vessels, of VARD 9 21 design and measuring 123 by 16.5 meters, are sister ships of a series of 15 identical Module […]