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Vard secures contract for one diving support
and construction vessel
Singapore, 15 January 2014
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has
secured a contract with an international customer for the design and construction of one Diving Support and Construction vessel.
The vessel is of VARD 3 06 design, developed by Vard Design in Ålesund, Norway. The highly advanced diving support vessel will have a length of 157 meter, a beam of 27 meter and an accommodation capacity for 150 persons.
The vessel is scheduled for delivery from Vard Langsten in Norway in mid-2016. The hull of the vessel will be delivered from Vard Tulcea in Romania.
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
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