Vard Holdings has announced that it has secured a new contract with Norwegian marine services provider Island Offshore for the construction of an advanced offshore support vessel.
The vessel is scheduled for delivery from Vard Brevik in Norway in early 2015. The hull of the vessel will be delivered from Vard Braila in Romania.
The value of the contract is approximately NOK400 million (US$65 million).
The vessel is a Rolls-Royce UT776 design and features DP2 dynamic positioning, ROV deployment capabilities, fire-fighting notation, oil recovery services and 1,000 square metres of deck space.
