vard 3 17 farstad oscv subsea

Farstad Signs Newbuild Order with VARD

Rob Almeida
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December 17, 2014

vard 3 17 farstad oscv subsea

Following up on their newbuild plan and associated charter contract announced last week, Farstad Shipping has today chosen Vard Holding Ltd. for the shipbuilding project.

Farstad’s NOK 520 million (USD $70 million) Offshore Subsea Construction Vessel (OSCV) will be of Vard 3 17 design, and have a total length of 98 meters, beam of 21.5 meters, deck area of approx. 900 m² and will be equipped with a 150 ton crane. Accommodations will support 85 persons.

Vard’s Vung Tau yard in Vietnam will construct the vessel with a anticipated delivery date of Q4 2016.

 

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