Vard Holdings Limited (VARD) has secured a NOK350 million contract for the construction of one stern trawler for a new Canadian client.

Key highlights:

· The ice-classed vessel will be of Rolls Royce NVC 374 design, with a total length and width of 79 metres and 16.6 metres respectively

· Vessel is scheduled for delivery from Vard Aukra in Norway in 4Q 2016, and the hull of the vessel will be built at Vard Braila in Romania

· It has been developed especially for shrimp trawling in the harsh environments of the North Atlantic, and features an on board shrimp processing plant

VARD CEO and Executive Director Roy Reite said, “We are currently seeing an increasing demand for new generation vessels from the fishing sector, and are delighted to have secured the contract for this advanced vessel from a new international client.”

Tags: Vard Holdings Limited (VARD)