Vard bags S$8m Norwegian vessel maintenance contract
SINGAPORE-LISTED Vard Holdings has secured a vessel maintenance contract worth about 48 million Norwegian kroner (S$8 million) from the Norwegian Defence Logistics Organisation (NDLO).
The yard group said it has secured a framework agreement with NDLO for the maintenance of five coast guard vessels over a period of four years with options for three more years.
The framework agreement is assigned to Vard Langsten in Norway, which had delivered newbuildings and conversions to NDLO between 1993 and 2015.
Vard's chief executive and executive director Roy Reite said: "We appreciate our long-term relationship with the Norwegian Defence Logistics Organisation, and are honoured to have been awarded this framework contract."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
CSE Global bags US$36.5 million data centre contract extension
Keppel DC Reit reports 13.7% lower Q1 DPU of S$0.02192 amid loss allowances
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Singapore shares open higher on Friday; STI up 0.2%
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Singapore loses ‘world’s best airport’ crown to Qatar