Vard Holdings Limited, a global designer and shipbuilder of offshore and specialized vessels, has secured a contract with Island Offshore for the construction of one Rolls-Royce designed offshore support vessel (OSV). Vard reports the value of the contract exceeds NOK 1 billion.
Delivery is scheduled from Vard Brevik in Norway in 2Q 2016. The hull of the vessel will be delivered from Vard Tulcea in Romania.
VARD has already delivered more than 30 vessels to Island Offshore, in addition to five vessels currently under construction.
The Island Offshore Group provides services to the offshore industry, managing a fleet of more than 30 vessels with an average age of less than four years, currently operating in Brazil, West Africa, the Gulf of Mexico and in the North Sea.