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    Vard confirms Farstad subsea vessel order

    Yard News // December 17, 2014

    Vard Holdings Limited has confirmed that it has secured a contract for the design and construction of a subsea construction vessel for Farstad Shipping.

    The vessel will be of VARD 3 17 design, with a total length of 98m and a beam of 21.5m, and has been developed especially for subsea and IMR operations. It is arranged for two ROVs and will have a 150 tonne active heave compensated offshore crane.

    The vessel was designed by Vard Design in Ålesund, Norway, in close cooperation with Farstad and Technip. Farstad has been awarded a five year framework agreement by Technip Norge for delivery of ROV support operations, light construction work, IMR and other subsea related activities, which will be fulfilled with this newbuild vessel.

    Delivery is scheduled from Vard Vung Tau in Vietnam in the fourth quarter of 2016.


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