Vard wins S$100m contracts to build passenger ferries in Norway
VARD Holdings, which operates shipbuilding facilities, said on Tuesday it has secured contracts for the construction of two LNG-powered car and passenger ferries for Torghatten Nord in Norway. The total contract value amounts to about 600 million Norwegian Krones (S$100.5 million).
The new car and passenger ferries are designed for "environmentally friendly" operations in the Norwegian fjords, with a total capacity that is able to accommodate up to 180 cars and 550 passengers and crew.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Jim Beam owner bets on canned vodka cocktails to double revenue
Hot stock: Nio climbs about 19.8% on stronger vehicle delivery performance
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Hot stock: DBS hits all-time high on record Q1 net profit
Japanese companies struggle with yen’s continued weakness
Singapore stocks open stronger on Thursday; STI up 0.5%