Vard Holdings Limited News

Photo courtesy of VARD

VARD's Largest Single Vessel Order

Construction for One Offshore Subsea Construction Vessel for Solstad Offshore Made Effective.   Vard Holdings Limited is pleased to confirm that the contract for the design and construction of a large Offshore Subsea Construction Vessel (OSCV) has been made effective. The contract is the largest single vessel order in VARD’s history. The contract value has already been included in the new order intake and order book values reported at the end of 1Q 2014. The vessel is of VARD 3 19 design, developed by Vard Design in Ålesund. The hull of the vessel will be built at Vard Tulcea in

Vard, Built on Trust

Vard Holdings acquires STX Canada Marine Inc

  Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, has acquired STX Canada Marine Inc., a leading marine engineering and design company with more than 30 years history in North America, for approx. NOK 65 million. Headquartered in Vancouver, Canada, with branch offices in Ottawa and Houston and a workforce of over 75 employees, the new acquisition will be fully integrated with Vard Marine Inc. (“Vard Marine”), and operate under the Vard Marine name. The management directed by President Dave McMillan

Vard Signs Historic $1.1B Shipbuilding Order

Vard Holdings Limited  secured contracts with joint ventures of DOF Subsea and Technip for the design and construction of four Pipe Lay Support Vessels (PLSVs), a contract which is the largest order in VARD’s history, with an aggregate order value of approximately $ 1.1 billion (NOK 6.5 billion). Two of the vessels, of VARD 3 05 design (151 x 30 m) will be delivered in 2Q 2016 and 3Q 2016 respectively. The hulls of these vessels will be built at Vard Tulcea in Romania and outfitted at Vard Søviknes in Norway. The other two vessels, of VARD 3 16 (139.9 x 28 m) design, will be

Brazil Offshore Construction Contracts for Technip, DOF

tension capacity and will be fabricated in Brazil with a high national content. The other two vessels will be designed to achieve a 650-ton laying tension capacity, thus enabling the installation of large diameter flexible pipes in ultra-deepwater environments, such as the Brazilian pre-salt. Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, will be in charge of the design and construction of the four PLSVs. Under the Technip/DOF joint venture agreement, Technip will manage flexible pipelay and DOF will be responsible

Image courtesy of Vard

Kreuz Subsea Orders Dive Support Vessel from Vard

Vard Holdings Limited has secured a contract for the design and construction of one diving support and construction vessel for Singapore-based Kreuz Subsea group.   The vessel will be of VARD 3 17 design, with a total length of 91.2 meters and a beam of 21.5 meters, and has been developed especially for diving support and subsea construction duties. Designed by Vard Design in Ålesund, Norway, and with hull construction to be carried out at Vard Tulcea in Romania, delivery is scheduled from Vard Søviknes in Norway in 2Q 2017.    The DP2 class vessel will have a 100-ton

VARD 3 03 vessel: Image credit the shipbuilders

Vard to Build Harkland Offshore DSC Vessel

Maintenance (IRM) group with operations in four regions across the globe; Africa/Middle East, Asia Pacific, Europe, and North America. Harkand’s expertise is in subsea inspection, repair and maintenance as well as light construction, construction support and survey services. About Vard Vard Holdings Limited (VARD), together with its subsidiaries is one of the major global designers and shipbuilders of offshore and specialized vessels used in the offshore oil and gas exploration and production and oil services industries. Headquartered in Norway and with 10,000 employees, VARD operates ten strategical

VARD 3 for Topaz Energy and Marine

Two Topaz OSCV Order for Vard

  Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, has secured new contracts for the design and construction of two Offshore Subsea Construction Vessels (“OSCV”) for a new customer, Dubai-based Topaz Energy and Marine (“Topaz”). Specially developed for crane operations and light subsea construction with intervention duties, the vessels will be of VARD 3 08 design, measuring a total length of 98.1 meters with a beam of 20 meters. Designed by Vard Design in Ålesund, Norway, and with

VARD 3 17 design, with a total length of 98 metres and a beam of 21.5 metres, and features a 150 tone active heave compensated offshore crane

Vard Wins Farstad's OSCV Contract

  Vard Holdings Limited (“VARD”) has secured a contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for Farstad Shipping (“Farstad”). The vessel will be of VARD 3 17 design, with a total length of 98 meters and a beam of 21.5 meters, and has been developed especially for subsea and IMR operations. It is arranged for two ROVs (Remote Operating Vehicles) and features a 150 ton active heave compensated offshore crane. The vessel was designed by Vard Design in Ålesund, Norway, in close cooperation with Farstad

Cable laying vessel for Prysmian Photo Vard Holdings

Prysmian Orders New Cable Laying Vessel

Vard Holdings Limited reported having been selected by Prysmian Group for the design and construction of one cable laying vessel. The contract value, including owner supplied special equipment, amounts to approximately €170 million (approximately $205 million).The cable layer is designed by Vard Design in Ålesund, Norway. Vard and Prysmian are currently completing the vessel’s design and according to contract activation scheme the commencement of construction phase is foreseen by end 2018. The vessel is scheduled for delivery from Vard Brattvaag in Norway, in 4Q 2020. The hull will be

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