Prysmian Orders New Cable Laying Vessel
, said, “This new strategic asset will consolidate Prysmian Group’s leadership in the submarine cable industry, by bolstering turnkey approach, under which we deliver end-to-end EPCI projects, from engineering, manufacturing and installation to full monitoring and diagnostic services.” Roy Reite, CEO and Executive Director of VARD, commented, “Our broad experience in the design and construction of several cable layers and other specialized vessels over the years, combined with Prysmian’s know-how and established experience in advanced submarine cable operations, have been of
Two Topaz OSCV Order for Vard
with a beam of 20 meters. Designed by Vard Design in Ålesund, Norway, and with hulls to be constructed at Vard Tulcea in Romania, delivery is scheduled from Vard Brattvaag in Norway in 3Q 2017 and 4Q 2017 respectively. The aggregate value of the two contracts exceeds USD 100 million. Mr. Roy Reite, CEO and Executive Director of VARD, commented, “We are honored to receive these contracts from our new customer in Dubai, and are pleased to welcome the company into VARD’s client portfolio. We look forward to developing these new vessels closely with the Topaz team."
Vard Wins Farstad's OSCV Contract
five year framework agreement by Technip Norge for delivery of ROV support operations, light construction work, IMR and other subsea related activities, which will be fulfilled with this newbuild vessel. Delivery is scheduled from Vard Vung Tau in Vietnam, in 4Q 2016. VARD CEO and Executive Director Roy Reite says, «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.” Farstad Shipping's
Vard Holdings acquires STX Canada Marine Inc
currently has an order book of 38 ship designs for vessels under construction, for ship owners and yard customers worldwide. 20 of these orders are for offshore support vessels (“OSV”), constituting more than 20% of the overall OSV order book in the US. CEO and Executive Director Roy Reite commented, “Through this acquisition VARD is really able to accelerate its growth strategy in North America, and we can rapidly strengthen our presence, capabilities and client relations in this important market. We are excited about the opportunities this generates for VARD and welcome the
Tidewater Takes Over STX Pan Ocean PSV Newbuild Contracts
for STX Pan Ocean Co. Ltd. in 2010, and Tidewater has now entered into an assignment agreement with STX Pan Ocean to take over these contracts. The first vessel in the series will be delivered to Tidewater during 1Q 2013. Deliveries of the next two vessels are scheduled for Q2 and Q3 2013. Mr. Roy Reite, Chief Executive Officer and Executive Director of STX OSV, said, “STX OSV has in the past delivered ten offshore vessels to Tidewater. We are delighted to welcome Tidewater back to us as a client, and we look forward to cooperating with their team again.” The vessels are of STX
February 2024
