Vard wins contract for two specialist vessels for Norway's FSV Group

Vard Holdings has won a contract to build two of two freight-and-service vessels for FSV Group in Norway. 

The major global designer and builder of specialized vessels saud in a stock market announcement that the new will be built by Vard Aukra in Norway, and scheduled for deliveries in the third quarter of 2018 and first quarter of 2019 respectively. No financial details were disclosed.

The 19m vessels are newly developed by FSV Group and Solstrand Trading for service and support in the aquaculture industry.  

FSV Group, established in 2011, is an operator of specialized vessels for maritime operations with a fleet of 10 specialized vessels and barges for freight and service operations.

The new contract is not expected to have any material impact on the earnings per share or the net tangible assets per share of the Company for the current financial year, Vard said.

Posted 27 December 2017

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Vincent Wee

Asia Editor, Seatrade Maritime News

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