VARD to Design and Construct New PSV for Carlotta Offshore

Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, announced that it has secured a new contract for the design and construction of one Platform Supply Vessel for Carlotta Offshore Ltd., a newly established player in the offshore support vessel market.

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 4000 dwt will be prepared for standby, rescue, firefighting and oil recovery operations.

Delivery is scheduled from Vard Vung Tau in Vietnam in 4Q 2014.

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Press Release, September 2, 2013