VARD Takes a Foothold in Canada

MarineLink.com
Monday, March 17, 2014
OSV image courtesy of VARD

Designers and shipbuilders of offshore and specialized vessels VARD says it has established a new subsidiary for ship design, engineering and sales activities in Canada.

CEO and Executive Director Roy Reite commented, “Our establishment in Canada is VARD’s first foothold in North America. We are now ready to build new relations and position ourselves as a major player in an interesting region with large opportunities.”
 
VARD explains that it provides a wide range of services including ship design, marine electronics and electrical systems, equipment packages and support for all aspects of the shipbuilding process. The new subsidiary will offer such services as part of their product range.
 
Vard Marine is a wholly owned subsidiary of Vard Group AS. The paid-up capital of the new company is CAD 50,000 which is funded by internal sources and the investment is not expected to have any material impact on the earnings per share or the net tangible assets per share in VARD for the current financial year.
 
The company is based in Vancouver, British Columbia, Canada.

www.vard.com
 

 

 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MHI to Change Name of Group Company

Effective November 1 Mitsubishi Heavy Industries, Ltd. (MHI) will change the name of its group company in Singapore from Mitsubishi Heavy Industries Engineering & Services Private Ltd.

Petrobras P-66 Platform Module to Boost Production

The P-66 platform’s first modules, built at the Tomé Ferrostaal Consortium’s Module Plant located at the Port of Maceió, Alagoas, are now ready and loaded on the São Tomé barge.

Exmar Optimistic About Gas Carrier Market into 2015

Belgian gas shipping group Exmar said on Thursday that the market for its very large and midsize gas carriers was at historically high levels in the third quarter

Ship Repair & Conversion

Braemar Hosts Insurance Experts

Braemar (incorporating The Salvage Association) welcomed an invited group of marine insurance professionals onto its specialist port and shipyard familiarization

Minimize the Risks, Think Cold Bonding

Cold bonding: a safer alternative to hot work Hot work required for welding, grinding and cutting operations presents certain potential hazards when conducted

Goltens Opens Houston Service Facility

Goltens Worldwide today announced the opening of its new full service facility located within two miles from the Port of Houston. Following months of planning and machinery and equipment installation,

Offshore

Marine Renewable Energy Testing Facility in Singapore Mooted

ClassNK has launched of a feasibility study for a new marine renewable energy testing facility to be built in Singapore. The announcement was made at the 2014

Partners Deliver Modular Floating Tidal Energy Platform

A group of offshore companies, including Bluewater, Damen and Van Oord among others, has partnered for a floating tidal energy platform a project to generate clean electricity,

Statoil Invests $1.5b in US Offshore Project

Statoil together with co-owners in the Stampede development in the Gulf of Mexicohas sanctioned the Stampede project in the U.S. Gulf of Mexico. Statoil said it will invest $1.

Naval Architecture

AVEVA E3D Takes Center Stage

Customer case studies combine with advances in asset visualization and cloud technologies to showcase a new era in the creation and management of complex Digital Assets.

Naviera Integral Orders Damen Fast Crew Suppliers

Naviera Integral of Mexico is the launching customer of Damen’s new Sea Axe Fast Crew Supply vessel, the FCS 4008. President of Naviera Integral, Juan Pablo Vega,

Wärtsilä Propulsion and Design for Two OSVs

Two new 150-ton-bollard-pull anchor handling offshore support vessels (AHOSVs) being built at the Colombo Dockyard in Sri Lanka have been designed by Wärtsilä and

 
 
Maritime Standards Naval Architecture Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1823 sec (5 req/sec)