VARD Bags Offshore Vessel Order

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 Norway will carry out outfitting and delivery, which is scheduled for 2017.

As at 30 September 2015, the Group had 31 vessels in the order book, 18 of which will be of VARD’s own design, the company wrote.