Vard secures 325m-krone contract from Norway's largest trawler company

VARD Holdings said on Monday that it has secured a new contract, valued at 325 million Norwegian kroner (S$53.4 million), for the design and construction of one stern trawler for Havfisk ASA, Norway's largest trawler company.

The 80 metre long trawler, said to be the first of its kind, will feature two separate cargo holds for refrigerated and frozen fish, a fish factory and a freezing capacity of 80 tons per 24 hours.

The hull will be built at Vard Braila in Romania. Delivery of the vessel is scheduled from Vard Søviknes in Norway in the first quarter of 2018.