Vard to build two PSVs for Mermaid Marine Australia

16 March 2014 (Last Updated March 16th, 2014 18:30)

The Singapore unit of Norway-based Vard Holdings has entered into a deal with Mermaid Marine Australia to design and construct two platform supply vessels (PSVs)..

VARD

The Singapore unit of Norway-based Vard Holdings has entered into a deal with Mermaid Marine Australia to design and construct two platform supply vessels (PSVs).

Each of the vessels will feature the Vard 108 design, have a total length of 81.7m, beam of 18m and cargo deck area of 810m².

The vessels are being built at Vard Vung Tau shipyard in Vietnam.

The PSVs are designed to not only handle large cargo capacity, but also manoeuvre easily with low fuel consumption.

"[We are] proud to see a new client from the Asia Pacific region entrust this important project to our Vietnam shipyard."

The 4,000dwt vessel will be used for standby, rescue, firefighting services and remotely operated underwater vehicle operations.

Vard Holdings CEO and executive director Roy Reite said: "We are honoured to receive these contracts from Mermaid Marine, and proud to see a new client from the Asia Pacific region entrust this important project to our Vietnam shipyard. We look forward to working closely with Mermaid and welcome their team to Vard."

The vessels are scheduled for delivery in the fourth quarter of 2015 and first quarter of 2016, respectively.

Mermaid Marine Australia is based in Fremantle, Western Australia, with national operation centres in Dampier and Broome, and international centres in Singapore. The company offers its clients marine logistics services throughout all phases of the offshore oil and gas development cycle.


Image: The platform supply vessels are being developed by Vard Holdings. Photo: courtesy of Vard Holdings Limited.