VARD Lands Two More

Mike Schuler
Total Views: 1
March 12, 2014

VARD Brailia shipyard in Romania.AR

Fincantieri’s VARD Holdings continued its week by landing another order for two offshore support vessels for an undisclosed customer.

VARD says the total value of the contracts amounts to close to NOK 600 million, or approximately $100 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.

Today’s announced order follows a Letter of Intent announced Tuesday with Solstad Offshore for the design and construction of a large Offshore Subsea Construction Vessel, the largest single order in VARD’s history.

Details of the vessels announced today were not released.

Back to Main