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Vard Holdings Ltd Secures New Contract For Design And Construction Of One Offshore Subsea Construction Vessel For Farstad Shipping


Wednesday, 21 Aug 2013 12:14pm EDT 

Vard Holdings Ltd announced that it has secured a new contract for the design and construction of one Offshore Subsea Construction Vessel (OSCV) for Farstad Shipping (Farstad). The value of the contract amounts to approximately NOK 800 million. The vessel will be of VARD 3 07 design, developed for subsea and IMR (Inspection, Maintenance and Repair) operations. With this newbuilding, VARD has two equal vessels under construction for Farstad Shipping, as a part of Farstad’s fleet development within the subsea market. The vessel has a total length of 143 meters, beam of 25 meters and a deck area of more than 1,800 m². It is equipped with two offshore cranes, of which the larger one has a lifting capacity of 250 tons. The vessel is arranged for three ROVs (Remote Operating Vehicles) and can accommodate 130 persons. Delivery is scheduled from Vard Langsten in 3Q 2015. The hull will be delivered from Vard Tulcea in Romania. 

Company Quote

1.025
-0.025 -2.38%
17 Apr 2014