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VARD bags $66 mil contract to build trawler for Norwegian fishery

Michelle Zhu Published on Thu, May 24, 2018 / 7:59 AM GMT+8

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SINGAPORE (May 24): VARD Holdings has secured a new contract valued at NOK 400 million ($66.4 million) for the design and construction of one stern trawler for Nergård Havfiske AS, which is part of Norwegian fishery Nergård group.

Delivery of the vessel is scheduled from VARD Brattvaag in Norway in 1Q 2020 and the hull will be built at VARD Braila in Romania.

In a Thursday filing, VARD says the 80m-long stern trawler with a beam of 17m is of VARD 8 02 design, and will be developed by VARD Design in Ålesund, Norway, based on VARD’s enhanced trawler designs.