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    Vard to build survey vessel for Circle Maritime Invest

    Yard News // November 7, 2013

    Vard Holdings Limited has signed a contract for the construction of a survey vessel for Circle Maritime Invest (CMI) JSC. The value of the contract is approximately NKr 55 million.

    The vessel, to be built at Vard Braila shipyard in Romania, will be delivered in the third quarter of 2014. Over the past few years, Vard Braila has delivered five icebreaking tugs to CMI. The new vessel, a survey vessel, is especially equipped for survey operations in the Caspian Sea.

    The vessel will have a length of 46m and a beam of 13m. It will accommodate 22 persons.

    Circle Maritime Invest JSC will, through its subsidiary Caspian Offshore Construction, operate the vessel in the Caspian Sea. Circle Maritime Invest JSC is a privately-owned marine service company registered in Kazakhstan.

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