Vard Holdings Limited (VARD) has confirmed that the contracts for the design and construction of two Platform Supply Vessels (PSV) for Nordic American Offshore have been made effective.
Key highlights:
Letter of intent was previously announced on 2 June 2014.
The vessels are of VARD 1 08 design, and are scheduled for delivery from Vard Aukra in Norway in 2Q and 3Q 2015.
The vessels measure 81 metres long, 18 metres in breadth and weigh 4000 dwt each.
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Vard Holdings Limited (VARD)
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