Vard Bags Norwegian Coast Guard Maintenance Deal

Vard Holdings Limited said it has secured a framework agreement for the maintenance of five Coast Guard vessels for the Norwegian Defense Logistics Organization. 

The framework agreement, assigned to Vard Langsten in Norway, includes ship maintenance and corrective maintenance of the Norwegian Coast Guard’s Nornen series of five vessels.

The total contract value is approximately NOK 48 million (approximately $5.7 million) over a period of four years, with options for three more years.