September 20, 2017 9:37 PM ET

Marine

Company Overview of Vard Marine Inc.

Company Overview

Vard Marine Inc. provides ship design, marine engineering, and solutions for offshore and specialized vessels such as offshore support, subsea construction and naval vessels as well as ferries and passenger vessels. The company was founded in 2014 and is based in Vancouver, Canada with additional offices in Houston and Ottawa. Vard Marine Inc. operates as a subsidiary of Vard Holdings Limited.

180-2930 Virtual Way

Vancouver, BC V5M 0A5

Canada

Founded in 1983

Phone:

604-216-3360

Fax:

604-216-3399

Key Executives for Vard Marine Inc.

Vard Marine Inc. does not have any Key Executives recorded.

Vard Marine Inc. Key Developments

Vard Marine Wins OPC Detail Design and Construction Contract

Vard Holdings Limited announced that a design developed by its subsidiary Vard Marine has been selected for the US Coast Guard's new Offshore Patrol Cutter (OPC) program. Winning the OPC detail design and construction contract is the culmination of an excellent relationship between Eastern Shipbuilding and Vard Marine that spans more than 15 years.

Vard Marine Secures New Contract for the Design of One Antarctic Icebreaking Vessel for the Chilean Navy

Vard Holdings Limited announced that Vard Marine has secured a new contract for the design of one Antarctic icebreaking vessel for the Chilean Navy. The contract value is approximately EUR 4 million. The contract calls for Vard Marine to develop the basic design of the ship that will be constructed at the ASMAR shipyard in Talcahuano, Chile. The vessel will be capable of operating throughout the Southern Ocean with services to include logistic support, search and rescue missions, scientific research, and resupplying bases in the Chilean Antarctic Territory. The new vessel will be approximately 125 metres in length with a displacement of over 13,000 tonnes, a total complement of 155, and installed power of 14.5 MW to permit breaking one metre of ice at two knots. The vessel is designed to carry a wide range of containerized and vehicle cargo; helicopters and rescue boats for logistics/SAR missions, as well as the ability to undertake a broad range of scientific data gathering activities. Delivery of the vessel is scheduled in 2021.

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