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Vard snags second job for the quarter

Latest deal to build Rolls-Royce design support vessel for $210m

Anita Gabriel

Published Fri, May 23, 2014 · 10:00 PM

Singapore

PUTTING a disappointing quarter weighed down by delays and overcapacity behind it, shipbuilder Vard Holdings seems intent on making up for dashed hopes.

The mainboard-listed firm just clinched its second contract in the second quarter, this time to construct an offshore support vessel of Rolls-Royce design for one billion Norwegian krone (S$210 million) from repeat customer Island Offshore.

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