Offshore shipbuilder Vard Holdings reported a net loss of $40mln in the first quarter, on back of unrealized foreign exchange losses from a 15-year USD-denominated yard construction loan in Brazil. Net foreign exchange losses in the quarter amounted to $37mln…
Nordic American Offshore Ltd. (NAO) informs that it has agreed with the Norwegian based Vard Aukra shipyard to extend the delivery of two platform supply vessel (PSV) newbuildings, originally scheduled to be delivered in mid-2015. Under the new agreement…
Harvey Gulf International Marine LLC made maritime history in North America last week by being not only the first owner/operator of a dual fuel offshore support vessel to bunker LNG as a marine fuel but to also successfully complete the first…
Vard Holdings Limited will release its results for the fourth quarter and full year ended 31 December 2014, before market opens on Friday, 27 February 2015.Senior management will host a results teleconference, details of which are as follows:Date : Friday…
Harvey Gulf International Marine, LLC reported that its dual fuel offshore support vessel (OSV) M/V Harvey Energy has today bunkered LNG as a marine fuel. The news makes Harvey Gulf the first North American owner/operator of a dual fuel OSV to bunker LNG as a marine fuel…
The FORAN System celebrates half a century in 2015. With 50 years of active service, FORAN is the longest standing CAD/CAM/CAE software on the market and a technological asset for the engineering and technology group SENER, which has placed…
The FORAN System celebrates half a century in 2015. With 50 years of active service, FORAN is the longest standing CAD/CAM/CAE software on the market and a technological asset for the engineering and technology group SENER, which has placed…
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…
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, stated that the surveillance vessel “Marjata” was named at Vard Langsten by the Norwegian Prime Minister, Mrs. Erna Solberg…
Italian shipmaker Fincantieri said its Singapore-listed subsidiary Vard expects marginally negative earnings before interest, tax, depreciation and amortisation (EBITDA) in the third quarter.Vard, which makes offshore vessels for the oil and gas industry…
The first photo of what is to be the most important military intelligence vessel for NATO in the Barents and Arctic Seas is to be seen on the right. “This is an important project to ensure Norway’s interests in the North. Control with the development there is strategically important for Norway…
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…
US Firm, Tidewater, agrees with HitecVision to purchase Norway's Troms offshore, including 5 large PSV's.Tidewater say that the acquisition of Troms Offshore, headquartered in Tromsø, Norway, will expand their global footprint into the Norwegian…
Vard contracted by Island Offshore for the construction of an advanced offshore support vessel (OSV) of Rolls-Royce design. The value of the contract amounts to approximately NOK 400 million and delivery is scheduled from Vard Brevik in Norway in Q3-2014…
Siem Offshore contracts Remontowa Shipbuilding S.A. of Poland to construct a dynamically positioned Cable Lay Vessel (CLV).The associated gross project cost for the first vessel, scheduled for April 2015 and ready for operation, is approx…
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