Vard wins $300 million, 15 vessel module carrier order
MAY 11, 2014 – Vard Holdings Limited, which is 55.63% owned by Fincantieri has won a $300 million order to design and construct 15 module carrier vessels for Dubai headquartered Topaz Energy
Vard
Vard gets LOI for four expedition cruise ships
MARCH 15, 2015 — Norwegian headquartered Vard Holdings Limited has signed a Letter of Intent for the construction of four luxury expedition cruise vessels for French cruise company Ponant, a subsidiary of
Vard awarded contract to design and build stern trawler
FEBRUARY 22, 2016—Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, has secured a new contract valued at NOK 325 million (about $37.7 million) for
Vard wins order for advanced stern trawler
FEBRUARY 22, 2016 —Norway’s largest trawler company, Havfisk ASA, has placed a NOK 325 million (about $38 million) order with Vard Holdings Limited for the design and construction of an 80 m
Vard Marine to design icebreaking vessel for Chile
FEBRUARY 2, 2016 – Vard Marine has secured a contract worth EUR 4 million for the design of an Antarctic icebreaking vessel for the Chilean Navy. Based in the U.S. and Canada,
Eastern launches MPFSV for Harvey Gulf
JANUARY 19, 2016 — Eastern Shipbuilding Group, Inc., Panama City, FL, recently launched the M/V Harvey Stone (Hull 234) for Harvey Gulf International Marine, LLC of New Orleans, LA, in a ceremony
Vard Promar delivers its first ship
JANUARY 11, 2016 — Singapore listed shipbuilder Vard Holdings Limited, which is a 55.63% owned subsidiary of Fincantieri, reports that the first vessel was delivered January 8 from its newest shipyard, Vard
Transpetro cancels two LPG newbuilds at Vard Promar
It reported today that it has been notified that Petrobras Transportes S.A. (Transpetro) has terminated the contracts for two liquefied petroleum gas (LPG) carriers on order at 50.5% owned indirect subsidiary Vard Promar.
The vessels in question are the last two of a series of eight LPG carriers originally contracted at the Brazilian shipyard in June 2010, for delivery from Vard Promar between 2014 and 2016. The combined contract value for the series of eight vessels was $536 million.
The first of the eight vessels, the 8,000 cu.m Oscar Niemayer, was delivered this past July.
Singapore listed Vard, which is 55.63% controlled by Fincantieri, says that the construction of the two vessels that have now been canceled is “at a very early stage.”
Vard is currently reviewing its overall exposure to the Brazilian market, and it says that the termination of the contracts – if effective – is “expected to reduce the company’s overall exposure. At the same time, the company intends to claim compensation from Transpetro for damages in relation to the terminated contracts.”
Vard says the impact of the termination is not expected to have a material effect on the earnings per share of the Group for the financial year ending December 31, 2015.
Vard gets $100 millon order for Topaz twosome
Developed for crane operations and light subsea construction with intervention duties, the 98.1m x 20 m vessels will be of Vard 3 08 design by Vard Design in Ålesund, Norway.
They will be delivered from Vard’s Brattvaag shipyard in Norway in 3Q 2017 and 4Q 2017 respectively. The hulls will be constructed at the Vard Tulcea shipyard in Romania.
The DP2 class vessels will have a 120-ton active heave compensated offshore crane with the capability to reach working depths of 3,000 m.
Subsea equipment can be lowered down onto the seabed through a 7.2 m x 7.2 m moonpool or over the side of the ship.
Both vessels will be prepared for two Remote Operated Vehicles (ROVs), deployed via Launch and Recovery Systems (LARS) in the ship’s side.
The vessels will be built according to the latest Special Purpose Ship (SPS) regulations, and can accommodate up to 82 persons in high standard cabins.
“We are honored to receive these contracts from our new customer in Dubai, and are pleased to welcome the company into Vard’s client portfolio,” said Vard CEO and Executive Director Roy Reite. “We look forward to developing these new vessels closely with the Topaz team.”
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