VARD acquires STX Marine
JULY 5, 2014—Leading offshore vessel designer and builder VARD, a Fincantieri company, has strengthened its presence in the North American market with the acquisition of STX Canada Marine, Inc., for NOK65 million
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NAO firms up PSV duo order at Vard
JUNE 23, 2014 — Nordic American Offshore Ltd. (NYSE:NAO) has firmed up a letter of intent announced earlier this month and entered into agreements to purchase two newbuilding Platform Supply Vessels (PSVs).
Vard confirms largest vessel order yet
JUNE 10, 2014 — Solstad Offshore ASA has turned an LOI with Vard into a firm contract for the design and construction of a large offshore subsea construction vessel (OSCV), that will
Rem Offshore orders OCV/AH at Vard
JUNE 4, 2014 — Vard Holdings Limited won a contract valued at around NOK 800 million fon Norway’s Rem Offshore. It covers the design and construction of a 100 m x 25
NAO to raise $122 million, inks LOI with Vard
JUNE 2, 2014 — Nordic American Offshore (NAO) has signed a letter of intent with Vard Holdings Limited for the design and construction of two platform supply vessels with an option for
Island Offshore back at Vard
MAY 23, 2014 — Vard Holdings Limited reports that it has secured a new contract with Island Offshore for the construction of one offshore support vessel of Rolls-Royce design. The value of
Vard to build third PSV for Carlotta
MAY 19, 2013 — Vard Holdings Limited reports that it has secured another contract for the design and construction of a platform supply vessel for Carlotta Offshore Ltd. The vessel is a
Vard: profits dip, but orders soar
APRIL 29, 2014 — Specialist shipbuilder and designer Vard Holdings Limited (which is 55.63% owned by Fincantieri) saw first quarter operating profit drop to NOK 123 million compared to NOK 275 million
Vard sets up Canadian subsidiary
MARCH 18, 2014 — Fincantieri controlled Vard Holdings Limited has established a new subsidiary for ship design, engineering and sales activities in Canada. Vard Marine Inc. is a ship design and marine
Vard gets LOI for its largest ship yet
MARCH 11, 2014 — Vard has received a Letter of Intent from Solstad Offshore for the design and construction of a large offshore subsea construction vessel (OSCV). If firmed up, the contract