VARD SECURES CONTRACT FOR ONE VESSEL
Singapore, 18 July 2018 – Vard Holdings Limited (“VARD” or the “Company”), one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that it has secured a contract for the construction of one vessel for an undisclosed Norwegian customer.
The vessel is scheduled for delivery from one of VARD’s shipyards in Norway in 4Q 2019. The contract value is approximately NOK 200 million.
The contract has been entered into in the ordinary course of business of the Company. It is not expected to have any material impact on the earnings per share or the net tangible assets per share of the Company for the current financial year. None of the Directors or the controlling shareholders of the Company have any interest, direct or indirect, in the above contract.
Singapore, 18 July 2018 – Vard Holdings Limited (“VARD” or the “Company”), one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that it has secured a contract for the construction of one vessel for an undisclosed Norwegian customer.
The vessel is scheduled for delivery from one of VARD’s shipyards in Norway in 4Q 2019. The contract value is approximately NOK 200 million.
The contract has been entered into in the ordinary course of business of the Company. It is not expected to have any material impact on the earnings per share or the net tangible assets per share of the Company for the current financial year. None of the Directors or the controlling shareholders of the Company have any interest, direct or indirect, in the above contract.