Vard Wins New PSV Contract

Vard Holdings Limited (“VARD”) has secured a new contract for the design and construction of one Platform Supply Vessel (“PSV”) for Carlotta Offshore Ltd.

The vessel is a multifunctional PSV of VARD 1 08 design with a total length of 81 meters, beam of 18 meters and a cargo deck area of 830 m2. The vessel of approximately 4000 dwt will be prepared for standby, rescue, firefighting and oil recovery operations.

Delivery is scheduled from Vard Vung Tau in Vietnam in 2Q 2015. This is Carlotta Offshore’s second order from Vard Vung Tau.

The VARD 1-SERIES comprises a wide range of Platform Supply Vessels designed by Vard Design in Ålesund, Norway. The vessels are designed with high focus on cargo capacity and excellent maneuvering capabilities combined with low fuel consumption.

VARD, February 11, 2014

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