Dubai-based Topaz Energy and Marine awarded Singapore-listed shipbuilder Vard Holidings (VARD) two new contracts, which exceed US$100 million, for the construction of two offshore subsea construction vessels (OSCV) this week. Image from VARD…
Norway-based ship builder Vard is to design and build a new offshore subsea construction vessel for fellow-Norwegian firm Farstad Shipping. The 98m-long, 21.5m-beam vessel will be of VARD 3 17 design has been developed especially for subsea and inspection…
Technip is to name its latest newbuild dive support vessel (DSV), currently being built by Vard, the Deep Explorer. The high-specification, DP3 vessel will feature a 24-man saturated dive system, large deck area, moonpool, work-class ROVs…
Vard Marine has been awarded a US Patent for their design and engineering of a Dual Fuel Vessel. The company also announced that later this year; the first of six 5100DWT vessels to be built under this patent will be delivered. The…
Vard Holdings Ltd. awarded Houston-based Forum Energy Technologies (FET) a contract for eight remotely operated vehicles (ROV) systems. FET will supply eight Perry XLX 150HP work-class ROVs that will be mobilized on four new-build pipeline…
VARD 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 (US$10.6 million). Headquartered in Vancouver, Canada, with branch…
Italian shipbuilder Fincantieri is making an initial public offering to raise funds for projects and acquisitions. The company is wholly owned by Italian state lender Cassa Depositi e Prestiti (CDP). It will offer up to 38.2%, and new shares will be priced between €0…
Vard Holdings Limited has secured a contract for the design and construction of one offshore construction and anchor handling vessel (OCV) for Rem Offshore. The contract value is approximately NOK800 million (US$1.3 million). The vessel will be the VARD 2 06 design (pictured)…
Rolls-Royce has secured a £35 million (US$58.5 million) contract to design and equip a large offshore support vessel for Norwegian ship owner Island Offshore. The vessel, Island Victory, is a UT 797 CX design, featuring a 250 ton offshore crane…
Norway's Vard Holdings Ltd. has secured a new contract with Island Offshore to build an offshore support vessel based on a Rolls-Royce design. The contract value is more than NOK1 billion (US$167.7 million). Delivery is scheduled from Vard Brevik in Norway in 2Q 2016…
Shipbuilding firm Vard has set up a new subsidiary for ship design, engineering and sales activities in Canada. Vard Marine Inc. is a ship design and marine engineering company providing solutions for offshore and specialized vessels such as offshore support…
VARD announced the signing of new contracts with JVs of DOF Subsea and Technip for the design and construction of four pipe lay support vessels (PLSVs). The contracts constitute the largest order in VARD’s history, with an aggregate order value of approximately US$1…
Ship designer and builder Vard Holdings has agreed a letter of intent with Solstad Offshore for the design and construction of a large offshore subsea construction vessel (OSCV). The contract will be the largest single vessel order in…
Vard Holdings Ltd., a Fincantieri company, has a contract with Bourbon to design and build an ice-class anchor-handling tug supply vessel (AHTS). The arctic AHTS vessel by Vard Design was developed for world-wide anchor handling and remote operations…
Rolls-Royce has signed a contract with the shipyard group Vard for its latest DP3 dynamic positioning system to be installed on two new offshore construction vessels. Dynamic positioning (DP) control systems allow vessels to be held in exact position…
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