Scandoil  

Vard secures charter contract for PSV delivered from Vietnam


Published Sep 23, 2015
Vard Holdings Limited-5

Vard Holdings Limited (VARD) has secured a bareboat charter contract for the first of two vessels whose original shipbuilding contracts were terminated earlier during the year.

Key highlights:

· The Platform Supply Vessel (“PSV”) of VARD 1 08 design, will be operated under a bareboat charter contract with DOF for an initial duration of four months with an option to extend by another four months

· DOF will operate the vessel for Chevron in Australia

· The PSV was delivered from Vard Vung Tau in Vietnam and sold to Vard Shipholding Singapore Pte. Ltd., a newly established wholly-owned subsidiary of Vard Holdings Limited

· Meanwhile, VARD will continue to explore opportunities for the sale of the vessel

· The second PSV whose contract was terminated in March 2015 is still under construction at Vard Vung Tau, with an expected completion date in 2Q 2016

Tags: Vard Holdings Limited (VARD)




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml