Search Results for: Vard

DOF charters in PSV from Vard for Chevron job

The vessel, now named Skandi Responder, is a VARD 1 08 design platform supply vessel. According to Vard it is the first of two vessels whose original shipbuilding contracts were terminated earlier this year. It has now been delivered from the Vard Vung Tau shipyard in Vietnam and sold to Vard Shipholding Singapore Pte. Ltd., a newly established wholly-owned subsidiary of Vard Holdings.

Vard says that it continues to explore opportunities for a sale of the vessel. The second PSV whose contract was terminated is still under construction at Vard Vung Tau, with an expected completion date in second quarter 2016.

Vard CEO and Executive Director Roy Reite commented, “I am delighted that together with our long-term client DOF, we have found a solution that secures employment for this vessel following completion at the yard in Vung Tau. Securing this charter in today’s difficult market is proof of the attractiveness of Vard-built vessels for some of the most demanding jobs in the offshore industry, and I am confident that successfully operating it in Australia will increase our chances for a sale.”

Vard reels in contract to build gillnetter

AUGUST 13, 2015—Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, reports that it has secured a contract worth NOK 60 million (about $7.35 million) for

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Vard acquires ICD Software

JUNE 24, 2015 — Vard Holdings Limited says that, through its subsidiary Seaonics, it has acquired ICD Software, a provider of automation and control system software for the offshore and marine sectors.

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Vard takes wraps off innovation project

JUNE 2, 2015 — Under the banner “A Step Forward,” Vard Holdings Limited has launched an innovation project that, it says, follows its strategy and long shipbuilding traditions of developing high technology

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Vard cancels two newbuilding contracts

MARCH 15, 2014 — In a filing Saturday, the Board of Directors of shipbuilder Vard Holdings Limited said that on March 12 “the company was notified that two affiliates of E.R. Offshore,

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Vard’s Seaonics subsidiary wins major order

JANUARY 5, 2015 — Fincantieri Group member Vard says that, through its specialized subsidiary Seaonics, it has secured a large equipment contract for a polar research vessel under construction at Fincantieri in

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Farstad goes to Vard for subsea/IMR vessel

DECEMBER 17, 2014 — After being awarded a five year framework agreement by Technip Norge AS, Norway’s Farstad Shipping ASA has signed a contract with Vard Holdings Limited covering the design and

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Promar problems hit Vard profit

OCTOBER 14, 2014 — Singapore listed shipbuilder Vard Holdings, which is a 55.63% owned subsidiary of Fincantieri, said today that slower-than-expected improvements in throughput and productivity at the new Vard Promar shipyard

Island Offshore orders another at Vard

OCTOBER 3, 2014 — Island Offshore, in which the Chouest and Ulstein families are partners, has placed an order with shipbuilder Vard for an 86 m x 18.5 m offshore support vessel.