VARD secures contract for one stern trawler for a new Canadian client
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 NOK350 million contract for the construction of one stern trawler for a new Canadian client.
Key highlights: The ice-classed vessel will be of Rolls Royce NVC 374 design, with a total length and width of 79 metres and 16.6 metres respectively; Vessel is scheduled for delivery from Vard Aukra in Norway in 4Q 2016, and the hull of the vessel will be built at Vard Braila in Romania; It has been developed especially for shrimp trawling in the harsh environments of the North Atlantic, and features an on board shrimp processing plant
VARD CEO and Executive Director Roy Reite said, “We are currently seeing an increasing demand for new generation vessels from the fishing sector, and are delighted to have secured the contract for this advanced vessel from a new international client.”
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 11,000 employees, VARD operates ten strategically located shipbuilding facilities, including five in Norway, two in Romania, two in Brazil and one in Vietnam. Through its specialized subsidiaries, VARD develops power and automation systems, deck handling equipment, and vessel accommodation solutions, and provides design and engineering services to the global maritime industry.