Search results for: vard

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  • 21 July 2016

    Vard Holdings, a designer and shipbuilder of offshore and specialized vessels, has temporarily laid off its entire workforce at Vard Brevik in Norway and shut down Vard Niterói in Brazil, axing most of its workforce there.  During the second quarter of 2016, Vard ceased all shipbuilding activities at Vard Niterói thus reducing its exposure in Brazil. According to the company’s statement, yard […]

  • 13 November 2017

    Italy’s Fincantieri has not given up on its intention to delist Vard, an offshore vessel construction specialist, and take it private. The Italian conglomerate said on Monday that its subsidiary Fincantieri Oil & Gas had proposed to Vard to file for voluntary delisting from the Singapore Exchange, to which, according to Fincantieri, Vard said yes. […]

  • 12 August 2013
    Business & Finance

    Vard Holdings Limited (“VARD”) has secured contracts with joint ventures of DOF Subsea and Technip for the design and construction of four Pipe Lay Support Vessels (PLSVs). The contracts constitute the largest order in VARD’s history, with an aggregate order value of approximately USD 1.1 billion (NOK 6.5 billion). Two of the vessels, of VARD […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 12 May 2016

    Offshore vessel builder Vard has secured a contract for the design and construction of 15 Module Carrier Vessels for Topaz Energy and Marine. The vessels, of VARD 9 21 design, are specially developed by Vard Design to navigate the shallow river systems as they transport modules through the Russian waterways to oilfields in Kazakhstan. Measuring […]

  • 5 June 2013

    Since Vard Design was established as Vard’s own in-house ship design studio back in 2000 more than 120 VARD designed vessels have been delivered. Today the company offers an extensive range including both standardized vessels and highly advanced vessels with significant customer specific adaptations. Combined with the introduction of the new company name, VARD, the […]

  • 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 […]

  • 11 March 2014
    Business & Finance

    Vard Holdings Limited (VARD) has entered into a Letter of Intent with Solstad Offshore (Solstad) for the design and construction of a large Offshore Subsea Construction Vessel (OSCV). The contract will be the largest single vessel order in VARD’s history. The vessel is a VARD 3 19 design, developed by Vard Design in Ålesund. The […]

  • 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 […]

  • 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 […]

  • 29 April 2014
    Business & Finance, Operations & Maintenance

    Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialised vessels, announced its financial results for the first quarter ended 31 March 2014. VARD recorded an exceptionally high order intake of $918.4 million in 1Q2014, securing eight new vessel contracts and improving the Group’s visibility with a further extension of […]

  • 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 […]

  • 22 July 2014
    Business & Finance, Operations & Maintenance

    Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialised vessels, announced its financial results for the second quarter of financial year 2014 (“2Q2014”), and first half ended 30 June 2014 (“1H2014”). Stable top line, resilient EBITDA margin and solid cash position Revenues for 2Q2014 were NOK 2.94 billion, in […]

  • 11 February 2014
    Business & Finance

    Vard Holdings Limited (“VARD”) has secured a new contract for the design and construction of one Platform Supply Vessel (“PSV”) for Carlotta Offshore Ltd. The vessel is a multifunctional PSV of VARD 1 08 design with a total length of 81 meters, beam of 18 meters and a cargo deck area of 830 m2. The […]

  • 22 July 2014
    Business & Finance, Project & Tenders

    Vard Holdings Limited, a designer and shipbuilder of offshore and specialised vessels, has announced its financial results for the second quarter of financial  year 2014 (2Q2014), and first half ended 30 June 2014 (1H2014). Revenues for 2Q2014 were NOK 2.94 billion, in line with the corresponding period of 2013 (“2Q2013”), and revenues for 1H2014 registered […]

  • 11 February 2014

    Vard Holdings Limited has secured a new contract for the design and construction of one Platform Supply Vessel for Carlotta Offshore Ltd. The vessel is a multifunctional PSV of VARD 1 08 design with a total length of 81 meters, beam of 18 meters and a cargo deck area of 830 m2. The vessel of approximately […]

  • 11 November 2015
    Business & Finance

    Vard Holdings Limited (VARD), a designer and shipbuilder of offshore and specialized vessels, has secured a new contract for the design and construction of one offshore vessel for an undisclosed international customer. According to VARD’s stock exchange filing on Wednesday, the new offshore vessel is designed by Vard Design in Ålesund, Norway. With the hull […]

  • 27 February 2015
    Business & Finance

    Shipbuilder and designer of offshore and specialised vessels, Vard Holdings, has seen its profit slip on operational expenses, despite revenue growth. Namely, the Singapore-listed company’s profit after tax decreased 83 percent from NOK 300 million in the previous year to NOK 50 million at the end of 2014. In the fourth quarter 2014 (Q4 2014), […]

  • 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 […]

  • 6 November 2013
    Business & Finance, Operations & Maintenance

    Vard Holdings Limited (“VARD”, and together with its subsidiaries, the “Group”), one of the major global designers and shipbuilders of offshore and specialized vessels, announced its results for the third quarter of financial year 2013 (“3Q 2013”) ended 30 September 2013. Financial and operating review VARD generated revenue of NOK 2.37 billion for 3Q 2013, […]