Tuesday 17 January 2017

Stock Market Today:Vard signs Letter of Intent to build expedition cruise vessel



Vard Holdings, the designer and shipbuilder of specialised vessels, has signed a Letter of Intent (LOI) for the design and construction of an expedition cruise vessel for an undisclosed international cruise company.

Developed in close cooperation with the customer, the luxury vessel will be about 145 meters long and 20 meters wide, with accommodation for 220 passengers.

The hull of the vessel will be built by Vard's shipyard in Tulcea, Romania. Delivery is scheduled from one of Vard's Norwegian yards in 2019.

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