Vard to build research expedition ship for Norway industrialist
Published Tue, May 2, 2017 · 12:18 AM
SHIPBUILDER Vard Holdings has won a contract to design and build a research expedition vessel for a Norwegian industrialist, it said in a Singapore Exchange filing on Tuesday morning. It did not disclose the contract sum.
The 182 metres long vessel will be able to monitor and survey marine life in all the world's oceans and will be the longest ever built by Vard, the group said.
It added the ship is expected to enter service in 2020.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly