Shipbuilder and designer Vard Holdings saw its third quarter results reversed into the red due mainly to higher operational expenses.

Singapore-listed shipbuilder Vard expects to report a loss for the third quarter as it continues to try and bring its Brazilian yard operations to speed.

Vard has secured an order to build an offshore support vessel (OSV) for Island offshore worth NOK300m ($46.4m).

Nordic American Offshore (NAO) has reported a second quarter profit of $4.1m, up from $1.7m in the first quarter.

Offshore shipbuilder Vard has received an NOK200m ($31m) tax claim from Brazilian authorities relating to the financial year 2010.

Offshore vessels designer and builder Vard Holdings has posted a profit in the second quarter, compared to a deficit in the same period last year.

Offshore vessels designer and builder Vard Holdings has clinched a deal to design and construct one PSV for ER Offshore.

The Italian securities and exchange commission (CONSOB) has approved the IPO prospectus of shipbuilder Fincantieri.

Vard has confirmed a contract for the largest single vessel order in the firm's history, an offshore construction vessel (OCV) for Solstad Offshore.

Offshore shipbuilder Vard Holdings has secured an NOK800m ($133.2m) contract to design and build an offshore construction and anchor handling vessel for Rem offshore.