Singapore
NEWS of Vard Holdings' one billion Norwegian kroner (S$168 million) cruise shipbuilding order lifted shares in the yard group to an intra-day high of S$0.25 on the Singapore bourse on Tuesday, above a standing offer from its Italian parent, Fincantieri, to take the Singapore subsidiary private.
Vard announced past midnight on Monday that it had signed a letter of intent for the design and construction of an expedition cruise vessel for an undisclosed international cruise company. The contract...