Vard ups stake in Brazil yard

Vard ups stake in Brazil yard

Vard Holdings has increased its ownership stake in its indirect subsidiary in Brazil, Vard Promar, to 95.15%.

Vard Promar, previously held 50.5% by Vard’s wholly-owned subsidiary, Vard Group, and 49.5% by a local partner, PJMR Empreendimentos (PJMR), is the newest shipyard asset in the Vard portfolio. Following the recent closure of the Vard Niterói shipyard, the group will concentrate all its Brazilian shipbuilding activities on the new yard, located in the Suape industrial area, in the state of Pernambuco.

The shipyard, built between 2011 and 2013, has so far delivered one LPG carrier for Transpetro, and is in the final stages of construction of a second one. Furthermore, the yard has two more LPG carriers in the order book, in addition to two pipelay support vessels (PLSVs) for a joint venture between DOF and Technip.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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1 Comment

  1. Avatar
    carlos vinicus
    August 10, 2016 at 7:00 am

    i also would like to understand promar was maua partner a long time ago built Suape with Samsung left the table and now want to buy it again lets assume than apart from purchasing engine and equipments and rov what else have we got on the table let say OGX..pls dont get exited statoil leased inhauma shipyards to enseada..heheheh