Vard secures construction contracts worth $101 mil in Norway

SINGAPORE (Jan 10): Vard Holdings announced Tuesday that it has secured contracts worth 600 million Norwegian Krone ($101 million) for the construction of two LNG powered car and passenger ferries for Torghatten Nord in Norway.

Designed for environmentally friendly operations in the Norwegian fjords, the ferries will be able to accommodate up to 180 cars and 550 passengers and crew.

The vessels, which will have a speed of approximately 18 knots, will measure 130 metres in length with a beam of 20.7 metres.

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