Vard Secures Contract for Three Module Carrier Vessels

Vard Holdings Limited announced that it has secured a contract for the design and construction of three Module Carrier Vessels for Kazmortransflot (KMTF). The contract win was previously disclosed on July 29, 2016.

The vessels, of VARD 9 28 design, will be operated by KMTF through a consortium led by Blue Water Shipping. The vessels, measuring 113 by 22 meters, are designed for transport in the Caspian Sea.

All three vessels will be built at Vard Braila in Romania. Delivery is scheduled between 3Q 2017 and 1Q 2018. The aggregate contract price is approximately $70 million.

VARD CEO and Executive Director Roy Reite commented, “Our shipyard in Braila has unique experience in building vessels for Kazakhstan and the Caspian Sea, and this new contract further underlines our long-term commitment to the region.”

The National Maritime Shipping Company “Kazmortransflot” is the National Maritime Carrier of the Republic of Kazakhstan. Its mission is to further develop a national merchant marine and service fleet to ensure safe, reliable and cost-effective maritime transport, both in the Caspian region, and outside the Caspian Sea water area.