Vard scores Kreuz Subsea contract

Singapore: Norwegian offshore shipbuilder Vard has secured a contract for the design and construction of a diving support and construction vessel for Singapore’s Kreuz Subsea group.

The vessel is of Vard’s 3 17 design, with hull construction at Vard Tulcea in Romania, and delivery from Vard Søviknes in Norway in the second quarter of 2017.

Roy Reite, Vard’s ceo and executive director, commented: “I would like to welcome the Kreuz Subsea group as a new client for Vard, and look forward to working with them on this exciting project. Being chosen to develop and build this innovative vessel for use in the Asia Pacific region is proof that our technology and designs are applicable to diverse offshore environments globally, and we are able to expand our reach into new markets.”

The order is Vard’s first for the year. Recently the company announced it is implementing a cost-cutting program that includes temporary and permanent reductions in the company’s work force.


Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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