Module Carrier Vessels News

With 13 new contracts secured in Q4 2017, VARD Holdings Limited's order intake of NOK 3.79 billion in the quarter increased the full year order intake ended December 31, 2017 to NOK 8.28 billion. The new contracts include a luxury polar expedition cruise vessel for a return customer, PONANT. The vessel is the first electric hybrid cruise icebreaker with dual fuel propulsion, featuring high-capacity batteries and LNG storage on board. The vessel is specially designed to take passengers to polar destinations. Having strengthened its position in the fisheries and aquaculture market during the year, VARD was also awarded contracts for seven trawlers, two fish farming operation platforms, and three service/freight-and-service vessels.

Designer and builder of specialized vessels Vard Holdings Limited announced its financial results for the third quarter ended September 30, 2016 (3Q 2016) and nine months ended September 30, 2016 (9M 2016). VARD said its diversification strategy is continuing to yield promising results, generating strong order flows in 3Q 2016. A total of seven new contracts were garnered by the group during the quarter, in addition to the confirmation of an order for four ice-class expedition…

Vard Holdings Limited has secured a contract for the design and construction of two additional Module Carrier Vessels for Topaz Energy and Marine (“Topaz”). The vessels, of VARD 9 21 design and measuring 123 by 16.5 meters, are sister ships of a series of 15 identical Module Carrier Vessels previously contracted by Topaz for delivery from VARD’s shipyards in Tulcea and Braila in Romania, and Vung Tau in Vietnam. They will be operated by Topaz through a consortium led by Blue Water Shipping. One of the additional vessels will be built at Vard Braila and one at Vard Vung Tau. Delivery of both vessels is scheduled in 2Q 2018. The aggregate contract price is close to USD 40 million.

Jotron AS, a manufacturer of professional communication systems for land, sea and air safety, has announced that it has secured two contracts for delivery of telephone communication and Public Address (PA) systems to 3 and 15 new module carrier vessels. The communication systems are forecasted for installation during 2017 and 2018. Jotron has designed and produced ship internal communication and offshore / onshore PA&GA systems since 1979. Jotron products are carefully designed and built for harsh maritime and offshore environments.

Vard Holdings Limited announced that it has secured a contract for the design and construction of three Module Carrier Vessels for Kazmortransflot (KMTF). The contract win was previously disclosed on July 29, 2016. The vessels, of VARD 9 28 design, will be operated by KMTF through a consortium led by Blue Water Shipping. The vessels, measuring 113 by 22 meters, are designed for transport in the Caspian Sea. All three vessels will be built at Vard Braila in Romania. Delivery is scheduled between 3Q 2017 and 1Q 2018. The aggregate contract price is approximately $70 million. The National Maritime Shipping Company “Kazmortransflot” is the National Maritime Carrier of the Republic of Kazakhstan.

New order intake of NOK 6.2 billion from contract wins for 19 vessels. Vard Holdings Limited (“VARD”, and together with its subsidiaries, the “Group”), one of the major global designers and shipbuilders of offshore and specialised vessels, today announced its financial results for the second quarter (“2Q 2016”) and first half (“1H 2016”) ended 30 June 2016. VARD is committed to fostering new networks and growing its customer base beyond its traditional core markets, and has seen encouraging results thus far. Over the past quarter, the Group secured a total of 19 new shipbuilding contracts for a total new order intake of NOK 6.2 billion, making 2Q 2016 the best quarter in terms of order acquisition since 2013.

PALFINGER MARINE Winches and Offshore Equipment has signed a contract for the supply of complete winch packages to 15 Module Carrier Vessels being built for Topaz Energy and Marine. The vessels, of VARD 9 21 design, are developed by Vard Design to navigate the shallow river systems as they transport modules through the Russian waterways to oilfields in Kazakhstan. Measuring 123 by 16.5 meters, the vessels are designed to carry high deck loads of up to 1,800 tons. he vessels will be operated by Topaz through a consortium led by Blue Water Shipping for the end-client Tengizchevroil.

Presenting its financial results for the first quarter ended 31 March 2016 today Vard Holdings Limited announced a net profit of NOK 43 million for the period, as compared to a loss of NOK 226 million a year back. Over the past quarter, VARD had focused on efforts to grow in new markets while streamlining its cost structure, to weather the effects of the ongoing oil and gas down cycle. With its core market for high-specification offshore vessels showing continued signs of weakness, the Group had strengthened its expertise and networks in new markets, recording breakthroughs in the expedition cruise vessel and aquaculture markets. Revenue fell 34% year-on-year to NOK 2.02 billion in 1Q2016…

Vard Holdings Limited secured a contract for the design and construction of 15 Module Carrier Vessels for Topaz Energy and Marine. The vessels, of VARD 9 21 design, are specially developed by Vard Design to navigate the shallow river systems as they transport modules through the Russian waterways to oilfields in Kazakhstan. Measuring 123 by 16.5 meters, the vessels are designed to carry high deck loads of up to 1800 tons. The vessels will be operated by Topaz through a consortium led by Blue Water Shipping for the end-client Tengizchevroil. Five of the vessels will be built at Vard Braila and four at Vard Tulcea in Romania, while the remaining six will be built at Vard Vung Tau in Vietnam. Delivery is scheduled between 3Q 2017 and 2Q 2018.