Italian shipbuilder Fincantieri has proposed to seek the privatization of Vard Holdings via a voluntary delisting from the Singapore Exchange Securities Trading Limited (SGX-ST). Fincantieri, which holds a 79.34 per cent stake in Vard through a subsidiary Fincantieri Oil & Gas…
Vard Holdings Limited said it won a contract for the design and construction of an expedition cruise vessel for Coral Expeditions of Australia.Newly developed by Vard Design in Norway in cooperation with the customer, the vessel is specially…
Vard Holdings Limited (VARD), one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that the contract for the design and construction of one krill fishing vessel for Aker BioMarine in Norway has been confirmed…
Nor-Shipping 2017 has confirmed that Rear Admiral Paul Thomas of the U.S. Coast Guard (USCG) is the latest high profile speaker to be signed for the leading maritime event week. The move comes at a time when USCG is making waves throughout shipping…
Seaspan Ferries Corporation’s (SFC) Seaspan Swift, a new hybrid LNG fueled and battery powered ferry, entered service between the British Columbia mainland and Vancouver Island. The innovative vessels is classed by Bureau Veritas, and it is…
Having already secured the contract in early summer to fit 15 Vard design 9 21 module carriers, propulsion specialist SCHOTTEL has now also received a follow-up order to fit three further Vard design 9 28 vessels with 12 main and auxiliary units…
Vard Holdings Limited said a design developed by its subsidiary Vard Marine was selected for the U.S. Coast Guard’s new Offshore Patrol Cutter (OPC) program.Eastern Shipbuilding Group and team partners were selected for the detailed design and construction phase for the U…
Vard Holdings Limited's subsidiary Vard Electro AS has secured a contract for the delivery of an engineering and electrical installation package for U.K.’s new $290 million polar research vessel under construction for the Natural Environment Research Council (NERC)…
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,…
Norwegian offshore shipbuilders VARD have announced a deal with French luxury cruise ship operator Ponant for the construction of four luxury expedition cruise vessels, for delivery in 2018 and 2019. The vessels will be developed by Vard…
Traditionally, Italy’s location and coastal development have continued to ensure the country a flow of income from its role as a strategic European hub in what has come to be known as the new “maritime century.” The country boasts of having the largest ferry fleet…
VARD’s new LNG tank design has been granted General Approval for Ship Application (GASA) by DNV GL. The new LNG-type B-tank design is based on vertical cylindrical-shape geometry and has a patented support design.The tank is the result of…
Singapore-listed Vard Holding sank deeper into the red as third-quarter losses widened to S$80.2 million. The losses were attributed to the dual challenge of a severe cyclical downturn in its core market, and managing the turnaround of its Brazilian operations…
‘Finger-grip’ vessel control offering precise tactile feedback may seem radical for those accustomed to conventional levers, but the combination is proving a focus for those considering SeaQ Bridge, the new bridge concept from VARD. Functionally and ergonomically…
Aker Philadelphia Shipyard ASA has appointed Jan Ivar Nielsen as Chief Financial Officer effective September 2015.Since 2009, Nielsen has held the position of CFO of VARD Holdings, a publicly listed global designer and builder of offshore…
