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Tuesday, July 16, 2024

VARD Bags Three-vessel Contract

Maritime Activity Reports, Inc.

July 29, 2016

Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels secured a contract for the design and construction of three vessels for an undisclosed client.

The aggregate contract price is approximately USD 70 million. Details of the contract will be disclosed in due course.