Vard to Build Three Coast Guard Vessels for NDMA

Vard Holdings Limited  won a contract to build three coast guard vessels for the Norwegian Defense Materiel Agency (NDMA) in Norway. The value of the contract exceeds $616.5m.

The Norwegian Government had originally announced plans for the construction of three new coast guard vessels in September 2016. Following review of offers from three competing yards, Vard Langsten was selected to continue negotiations in October 2017. The investments were approved by the Norwegian Parliament in the beginning of June 2018, and the final negotiations have been completed and finalized in the following weeks.

VARD has based its offer on the reference design developed by LMG Marin on behalf of NDMA. VARD has, in cooperation with LMG Marin further developed the concept design in order to ensure that all requirements and needs demanded by NDMA are solved with a high focus on sustainability, life cycle cost and reliability.

Deliveries of the three vessels are scheduled from Vard Langsten in Norway in 1Q 2022, 1Q 2023 and 1Q 2024 respectively. The hulls will be built at Vard Tulcea in Romania.