Singapore: Offshore shipbuilder Vard Holdings Limited has announced a contract to design and construct an offshore subsea construction vessel for Farstad Shipping at its Vung Tau shipyard in Vietnam.
The vessel is a VARD 3 17, designed in close cooperation with Farstad and Technip, and is scheduled for delivery in 4Q 2016. Farstad has been awarded a five year framework agreement by Technip to use the vessel for the delivery of ROV support operations, light construction work, IMR and other subsea related activities.
Vard ceo and and executive director Roy Reite commented, "We appreciate the long-term relationship we have with Farstad, and this cooperation has once again resulted in a new and innovative project. We would like to congratulate the Farstad team with the five years’ agreement for this vessel with Technip.” [17/12/14]