Vard Holdings Limited (VARD), one of the major global designers and shipbuilders of specialized vessels, announced on May 24 that it has secured a new contract for the design and construction of one stern trawler for Nergård Havfiske AS (Nergård) in Norway. The contract value is approximately NOK 400 million.
The stern trawler of VARD 8 02 design is developed by Vard Design in Ålesund, Norway. With a length of 80 meters and a beam of 17 meters, the new vessel is based on enhanced trawler designs developed by VARD in the last few years.
This latest edition will feature VARD’s newly developed catch handling solution with a live fish tank to keep the fish in healthy conditions until processing, an advanced fish factory, high cargo capacity for refrigerated and frozen fish, as well as ensilage tanks for storing of heads and guts to secure full utilization of biomass from the catch.
The vessel will have both diesel mechanical and diesel electric propulsion, combined with batteries and VARD’s SeaQ Energy Storage System and SeaQ Power Management System, for power optimization in all operations, resulting in environmentally friendly operations.
Delivery of the vessel is scheduled from Vard Brattvaag in Norway in 1Q 2020. The hull will be built at Vard Braila in Romania.
Mr. Roy Reite, CEO and Executive Director of VARD, commented: “Our VARD 8 02 trawler design is a well-proven design that we’ve continuously updated to meet the latest demands for fish health management, efficiency and environmentally-friendly operations. With a high focus on quality of catch, safety of crew, and sustainable operations, the vessel will have the most efficient technology to bring the catch ashore with minimum environmental footprint. We are honored to welcome Nergård as a new customer to VARD, and look forward to continuing the good relationship we have established with the Nergård team.”
Nergård Havfiske AS is located in Northern Norway. The company was established back in 1946 and has today approximately 170 employees. Nergård Havfiske, with its fleet of five vessels, is a part of the Nergård group.
The contract has been entered into in the ordinary course of business of the Company. It is not expected to have any material impact on the earnings per share or the net tangible assets per share of the Company for the current financial year. None of the Directors or the controlling shareholders of the Company have any interest, direct or indirect, in the above contract.