Norway: VARD to Build DSCV for International Customer

Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, announce that it has secured a contract with an international customer for the design and construction of one Diving Support and Construction vessel.

The vessel is of VARD 3 06 design, developed by Vard Design in Ålesund, Norway. The highly advanced diving support vessel will have a length of 157 meter, a beam of 27 meter and an accommodation capacity for 150 persons.

The vessel is scheduled for delivery from Vard Langsten in Norway in mid-2016. The hull of the vessel will be delivered from Vard Tulcea in Romania.

Press Release, January 16, 2014

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