VARD to Maintain Five Norwegian Coast Ships Vessels

March 6, 2017 – Vard Holdings Limited, one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that it has secured a framework agreement for the maintenance of five Coast Guard vessels for the Norwegian Defence Logistics Organization. The total contract value is approximately NOK 48 million over a period of four years.

The framework agreement includes ship maintenance and corrective maintenance of the Norwegian Coast Guard’s Nornen series of five vessels. The agreement stretches over a period of four years with options for three more years. The framework agreement is assigned to Vard Langsten in Norway.

CEO and Executive Director Mr. Roy Reite commented, “We appreciate our long term relationship with the Norwegian Defence Logistics Organization, and are honored to have been awarded this framework contract. Our shipyards build a broad range of specialized vessels, and have a high competence within conversions, repairs and maintenance.”

The Norwegian Defence Logistics Organization (NDLO) delivers logistics according to military needs. This includes procurement, investment, support, supply and maintenance of all weapon systems and military materiel in times of peace, crises and war.