Vard clinches $300 mil contract to build 15 module carrier vessels
12 May 2016, 08:07 am
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SINGAPORE (May 12): Vard Holdings has clinched a shipbuilding contract worth about US$300 million ($410.2 million) from Dubai-headquartered Topaz Energy and Marine.
It will design and construct 15 module carrier vessels, which will be operated by Topaz through a consortium led by Blue Water Shipping for the end-client Tengizchevroil.
Delivery is scheduled to be between 3Q 2017 and 2Q 2018.
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