Shipbuilder Vard Signs LOI for Dual-Fuel PSV

| Norway
Dual-fueled Vard PSV 06 LNG

Dual-fueled Vard PSV 06 LNG

Vard Holdings Limited (VARD), a global designer and shipbuilder of offshore and specialized vessels, has entered into a Letter of Intent (LOI) with Simon Møkster Shipping for the design and construction of one dual-fuel Platform Supply Vessel (PSV). The vessel will be a Clean Design environmentally friendly LNG / diesel-electric ship with focus on low fuel consumption and low emissions of greenhouse gases. The PSV 06 LNG is a new innovative design developed by Vard Design. The vessel will be approximately 94m long and 20m wide, and is designed to meet the requirements for support to the Goliat oil and gas field in the Barents Sea.

The shipbuilding contract for the design and construction of the vessel is expected to be entered into within a few weeks. The vessel, of VARD’s own PSV 06 LNG design, is scheduled for delivery in Q1-2015 from VARD in Norway. The hull will be delivered from VARD in Romania.

Simon Møkster Shipping has been awarded a charter contract by oil major Eni Norge for the operation of the vessel.

(Source: Vard Holdings Limited)

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