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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The US and China will temporarily lower tariffs on each other’s products in a dramatic ratcheting down of trade tensions that buys the world’s two largest economies three months to work toward a broader agreement.
Finland’s premier icebreaker designer, Aker Arctic, has been awarded a contract to develop a new state-of-the-art mid-size icebreaker. The effort is part of a major fleet renewal program to ready Finland's icebreaking fleet for the changing requirements in the Baltic Sea. The country is also part of the ICE Pact with Finnish yards looking to construct icebreakers for Canada and the U.S.
The United States and China have agreed a deal to temporarily slash reciprocal tariffs as the world's two biggest economies seek to end a damaging trade war that has stoked fears of recession and set financial markets on edge.
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