SINGAPORE (Sept 14): Vard Design, a subsidiary of shipbuilder Vard Holdings, has secured a contract to design a cable lay vessel for Kokusai Cable Ship, a construction company based in Japan.

The vessel is currently being constructed at Colombo Dockyard in Sri Lanka in accordance to the VARD 9 01 design, and is expected to be delivered in 2019.

Vard did not elaborate on the value of... (Click here to read the full story.)