The PSV, of Vard's inhouse PSV 06 LNG design, is scheduled for delivery in the first quarter of 2015 from Norway. The hull will be delivered from Vard in Romania.
The vessel will be an environmentally-friendly dual-fuel LNG/diesel-electric ship with focus on low fuel consumption and low emissions of greenhouse gases, according to Vard.
Financial details of the deal were not disclosed.
The rebranded Singapore-listed Vard was sold by STX Group for some $588.6m to Italian shipbuilder Fincantieri, which now owns 55.63% of shares in Vard.
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