Vard secures second offshore vessel contract for 2015

Singapore-listed Vard Holding has announced that it has secured a new contract for the design and construction of an offshore vessel from an undisclosed international customer.

The Vard designed vessel will have the hull constructed at Vard Braila in Romania, with outfitting and delivery scheduled from Vard Langstenin Norway in 2017.

This order is only the second offshore vessel order for Vard this year. In June, the yard secured a diving support and construction vessel order from Singapore’s Kreuz Subsea Group.

Vard reported today a NOK845m ($98.2m) loss for the third quarter of 2015, compared to a loss of NOK160m ($18.6m) in the same period in 2014.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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