SINGAPORE (April 4): Vard Holdings has signed a letter of intent (LoI) to design and construct two environmentally-friendly cruise vessels for Viking, a Swiss cruise line which currently operates a fleet of more than 60 vessels, for a potential contract value of NOK 4.5 billion (S$750 million).
Both parties mutually intend to enter into a final contract by mid-2018.
The two vessels are to be developed by Vard Design in Norway while the hulls will be built by Vard in Romania... (Click here to read the full story)