|
Over the past few years, Vard Braila has delivered five icebreaking tugs to CMI. The new vessel, a survey vessel, is especially equipped for survey operations in the Caspian Sea. CEO and Executive Director, Roy Reite, at VARD says, “We look forward to building yet another vessel to Circle Maritime Invest JSC. This new contract gives evidence of the good relationship we have with our customer in Kazakhstan. Together with CMI, we are excited to follow the development of the offshore activity in the Caspian Sea.” The vessel will have a total length of 46 metres and a beam of 13 metres. It will accommodate 22 persons. Circle Maritime Invest JSC will through its subsidiary Caspian Offshore Construction operate the new survey vessel in the Caspian Sea. Circle Maritime Invest JSC is a privately-owned marine service company registered in Kazakhstan. About VARD Vard Holdings Limited (“VARD”), together with its subsidiaries (the “Group”), is one of the major global designers and shipbuilders of offshore and specialized vessels used in the offshore oil and gas exploration and production and oil services industries. Headquartered in Norway and with 10,000 employees, VARD operates ten strategically located shipbuilding facilities, including five in Norway, two in Romania, two in Brazil and one in Vietnam. VARD’s long shipbuilding traditions, cutting-edge innovation and technology coupled with its global operations ensure access to the fastest growing oil exploration markets. The Group’s expertise and track record in constructing complex and highly customized offshore and specialized vessels have earned it recognition from industry players and enabled it to build strong relationships with its customers. VARD was listed on the Main Board of the Singapore Exchange on 12 November 2010. Majority shareholder Fincantieri Oil & Gas S.p.A., a wholly owned subsidiary of Fincantieri–Cantieri Navali Italiani S.p.A., owns 55.63% in the Group. Headquartered in Trieste, Italy, Fincantieri is one of the world’s largest shipbuilding groups and has, over its 200 years of maritime history, built more than 7,000 vessels. VARD - press release |
VARD Secures New Contract For A Survey Vessel