Vard has won a NOK1bn ($168m) contract for an offshore support vessel (OSV) for Norwegian firm Island Offshore.

Offshore shipbuilding group Vard has reported a 52.8% drop in profit to NOK 85m ($14.1m) in the first quarter 2014, a period that also saw eight new contracts raise its orderbook to a five year high.

Vard Holdings has secured contracts for two OSV newbuilds for an undisclosed customer, worth a combined NOK600m ($100m).

Vard Holdings has signed a Letter of Intent for its largest ever vessel order, an offshore subsea  construction vessel (OSCV) for Solstad Offshore.

Zamil and Fincantieri have signed a heads of agreement (HoA) for a joint venture designing and building OSVs, coming mid-2014.

Vard has secured a contract to design and construct a diving support and construction vessel for an undisclosed client.

Vard has announced it has received an order for the design and construction of a Diving Support and Construction Vessel (DSCV) from Harkand Group worth over NOK1bn ($163m), with an optional second similar vessel.

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

Ship yard Vard Brevik has awarded Norwegian marine drive specialist Kumera AS a significant contract to deliver its Norgear advanced Multi Step Hybrid Gear for a newbuild Anchor Handling Tug (AHT). The sophisticated new AHT is designed with a...

Vard Holdings has announced a third-quarter profit of NOK58m ($9.7m), representing a slender return to profit compared to its dismal second quarter.