Vard subsidiary wins contracts for equipment packages
SHIPBUILDER Vard Holdings' specialised subsidiary, SEAONICS, has secured equipment contracts for the fishing industry totalling 23 million euros (S$36.8 million).
The contracts are made up of complete trawl and crane packages for a series of trawlers for undisclosed customers, said Vard. Deliveries are scheduled from 2Q 2019 to 4Q 2022.
Based in Norway, SEAONICS designs and manufactures specialised handling technology to support exploration and development of ocean resources. Its products are used in offshore energy, ocean harvesting and within research and exploration.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Meta releases early versions of its Llama 3 AI model
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
US: Wall St opens higher as some chip stocks bounce back after selloff
Valuations for office Reits lag counterparts, but re-rating may face uncertainty