VARD to Build Two Offshore Support Vessels Worth USD 100 Mln
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, secured contracts with an undisclosed customer for the construction of two offshore support vessels.
The total value of the contracts amounts to close to NOK 600 million.
Delivery is scheduled from Vard Brevik in Norway in 3Q 2015 and 4Q 2015. The hulls of the vessels will be delivered from Vard Braila in Romania.
Press Release, March 12, 2014; Image: VARD