VARD announces S$840 mil contract win after delay in delisting EGM

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SINGAPORE (June 25): VARD Holdings has secured a contract worth over NOK 5 billion (S$840 million) to construct three coast guard vessels for Norway’s Norwegian Defence Materiel Agency (NDMA), an agency directly under the Royal Norwegian Ministry of Defence.

In a Monday filing, VARD says the new vessels will replace Norway’s Nordkapp-class coast guard vessels, and will be tailor-made for worldwide operations in all weather and sea conditions, both inshore and offshore.

Deliveries of the three vessels are scheduled from the group’s Vard Langsten yard in Norway in the first quarters of...(click on link for full story on