Vard bags S$58.5m pelagic trawler contract
SHIPBUILDER Vard Holdings on Thursday said it has secured a 350 million Norwegian krones (S$58.5 million) contract for the construction of one pelagic trawler for Shetland-based Research Fishing Company.
The 80-metre long trawler is designed by Skipsteknisk in Ålesund, Norway and will be built, equipped and completed in Norway.
Delivery is scheduled from Vard Langsten in Q3 2018, Vard said in a filing to the bourse operator, adding that the vessel will be equipped with entirely electrically powered winches to reduce oil spills and pollutions. It will also have the world's first electrically operated fish pump onboard.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Axiata, Sinar Mas move closer to US$3.5 billion telco merger
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’
Asia: Markets mixed as global rally stalls, eyes on yen