Vard Electro Bags Contract in India

Maritime Activity Reports, Inc.

September 13, 2016

Vard Electro AS, a subsidiary of Vard Holdings Limited, has secured a new contract for the delivery of an equipment and electrical installation package to Cochin Shipyard Ltd. for a vessel under construction for the Government of India.
 
Contracted by the yard in August 2015 and expected to become operational in 2018, the vessel with a length of approximately 120 meters will be equipped with several of VARD’s SeaQ products and systems. The contract includes engineering to support the shipyard in the approvals process, delivery of a SeaQ Electric Propulsion and Integrated Automation System (IAS) package, SeaQ Bridge systems, complete generator sets, and the complete electrical installation on board the vessel. The value of the contract is approximately 150 MNOK.
 
The new contract follows many years of cooperation between VARD and Cochin, and includes support from Vard Electro’s subsidiary in Kochi, India, situated close to the shipyard. The local company will provide engineering and installation services throughout the project, at the same time building up VARD’s electrical engineering and production capabilities in India.
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