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Vard bags $65m Island Offshore OSV order

Vard bags $65m Island Offshore OSV order
Island Offshore has ordered a NOK400m ($65m) advance offshore support vessel from Vard.

The hull of the Rolls-Royce-designed vessel will come from Vard's Romanian yard, with the complete vessel being delivered by Vard Brevik in Norway at the start of 2015.

Vard ceo and executive director, Roy Reite commented, "We appreciate the long-term relationship we have with Island Offshore. This cooperation has once again resulted in an innovative new project for Vard. In total, we have delivered more than 30 vessels to Island Offshore. Currently, Vard has five vessels under construction for Island Offshore."