Vard shares surge 13.6% on contract win

SINGAPORE (May 12): Shipbuilder Vard was up as much as 13.6% to 17.6 cents at 11.57am after announcing a contract win.

The company says in a statement it has won a contract worth US$300 million from Topaz Energy and Marine to build 15 module carrier vessels.

The stock recovers sharply from Wednesday's close, which was its lowest level since late February.

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