VARD Wins Record Single Ship Order from Solstad
Update 10 June 2014 – Vard Holdings Ltd confirmed today the contract for the design and construction of a large Offshore Subsea Construction Vessel (OSCV) has been made effective. The contract is the largest single vessel order in VARD’s history.
Solstad Offshore ASA (SOFF), one of Norway’s largest shipping companies, has announced this week a signed a Letter of Intent (LOI) with one of their clients to construct and operate a subsea construction vessel of massive proportions.
VARD designed and built, this ship will be 180 meters in length, have a beam of 33 meters and a deck area of more than 2500 m2. Equipment on board will include a 550-ton top tension vertical lay-system, enabling the installation of large diameter flexible pipes in ultra deepwater and in harsher environments as well as a 600 ton active heave compensated offshore crane and a 4000 ton under-deck carousel for storage of flexible pipes, cables and umbilicals.
Upon delivery in Q2 2016, she will be placed on charter with Solstad’s undisclosed client for a period of 8 years firm, in addition to 3 x 1 yearly options.
The financial details of the LOI were not disclosed.
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