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Vessel builder Vard expects best order intake since 2007

But its Brazilian yards are taking their toll, with Q3 income slumping 67%

The company changed its name to Vard from STX OSV Holdings this year after Fincantieri SpA bought it from South Korea's debt-ridden STX Group for 455 million euros (S$761 million) - PHOTO: AFP

[SINGAPORE] Vard Holdings, a builder of offshore support vessels, has said that it would close 2013 with its biggest annual order in six years as oil and gas companies boost spending on energy exploration.

"We're confident that we'll be able to secure one or two orders at least" in the...

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