• 2018 August 16 10:57

    VARD secures contract for one autonomous and electric-driven container vessel for YARA

    Vard Holdings Limited (“VARD” or the “Company”), one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that it has secured a contract for the building of one autonomous and electric-driven container vessel for YARA in Norway. The contract value is approximately NOK 250 million, the shipbuilding company said in a press release.

    The world’s first autonomous and electric-driven container vessel, to be named Yara Birkeland, will be delivered from VARD in Brevik in early 2020. After delivery, the vessel will gradually move from manned operations to fully autonomous operations by 2022. The vessel will operate in Norway, in a cargo transit between YARA’s plant in Porsgrunn to ports in Brevik and Larvik. With a length of 80 meters and a beam of 15 meters, the vessel will have a cargo capacity of 120 TEU (twenty-foot equivalent unit), replacing 40,000 truck journeys a year. Yara Birkeland will reduce nitrogen oxides (“NOx”) and carbon dioxide (“CO2”) emissions, and improve road safety in a densely populated urban area.

    Mr. Roy Reite, CEO and Executive Director of VARD, commented: “We are honored to be chosen as YARA’s partner in this innovative and exciting project. With a longstanding experience in building state-of-the-art and tailor-made specialized vessels, we are excited to be given the opportunity to build the world’s first autonomous and electric-driven container vessel. It is a pleasure to welcome YARA and KONGSBERG to VARD, and we look forward to working closely with all parties involved.”

    Mr. Svein Tore Holsether, President and CEO of YARA, said: “A vessel like Yara Birkeland has never been built before, and we rely on teaming up with partners with an entrepreneurial mindset and cutting edge expertise. VARD combines experience in customized ship building with leading innovation, and will deliver a game-changing vessel which will help us lower our emissions, and contribute to feeding the world while protecting the planet.”

    The vessel is scheduled for delivery from Vard Brevik in Norway in Q1 2020. The hull will be delivered from Vard Braila in Romania.

    The vessel is designed by Marin Teknikk, in close cooperation with YARA and other involved partners. KONGSBERG is responsible for the enabling technologies onboard, including the sensors and integration required for remote and autonomous operations. The project was initiated in an effort to improve the logistics at YARA’s Porsgrunn fertilizer plant. Every day, more than 100 diesel truck journeys are needed to transport products from YARA in Porsgrunn to ports in Brevik and Larvik, where the company ships products to customers around the world. With this new autonomous battery-driven container vessel, YARA progresses from road freight to sea freight, thereby reducing noise and dust emissions, improving local road safety, and reducing NOx and CO2 emissions.

    YARA was founded in 1905 to solve emerging famine in Europe. The company’s crop nutrition solutions and precision farming offerings allow farmers to increase yields and improve product quality while reducing environmental impact. YARA’s environmental and industrial solutions aim to improve air quality and reduce emissions, and are key ingredients in the production of a wide range of products. Headquartered in Oslo, Norway, the company has a worldwide presence with more than 17,000 employees and operations in over 60 countries 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.

    About VARD
    Norway based Vard Holdings Limited (“VARD”), together with its subsidiaries (the “Group”), is one of the major global designers and shipbuilders of specialized vessels. Headquartered in Norway and with 9,000 employees, VARD operates nine strategically located shipbuilding facilities, including five in Norway, two in Romania, one in Brazil and one in Vietnam. Through its specialized subsidiaries, VARD develops power and automation systems, deck handling equipment, and vessel accommodation solutions, and provides design and engineering services to the global maritime industry.
    VARD was listed on the Main Board of the Singapore Exchange on 12 November 2010. The majority shareholder of VARD is Fincantieri Oil & Gas S.p.A., a wholly owned subsidiary of FINCANTIERI S.p.A. Headquartered in Trieste, Italy, FINCANTIERI is one of the world’s largest shipbuilding groups and has, over its 200 years of maritime history, built more than 7,000 vessels.




2019 April 25

11:08 ONE announces delivery of 14,000-TEU containership “ONE APUS”
10:49 MABUX: Bunker market this morning, Apr.25.
10:24 Brent Crude futures price edges up to $ 74,6, WTI - down to $ 65,79
10:08 Seagull Maritime acquires software company Tero Marine
10:08 Zelenodolsk Shipyard hosts keel-laying ceremony for 10th Grachonok-class special purpose boat
09:49 NCSP and VTB close the Novorossiysk Grain Terminal shares sale deal
09:07 UK’s leading port operator, ABP, appoints new Chief Commercial Officer
09:05 Baltic Dry Index continues to gain, settles at 850 points
08:07 Delta Mariner first to use deepened Nieuwe Waterweg at the Port of Rotterdam
07:23 LNG vessel completes 6,000th Neopanamax transit at the Panama Canal
07:12 MOL announces delivery of VLCC "PHOENIX JAMNAGAR"

2019 April 24

18:15 Cryogas-Vysotsk kicks off full-scale LNG production
18:11 Jiangsu Zhenjiang Shipyard holds steel-cutting for four ASD tugs ordered for Liaoning Longyun Shunze Tug Ltd.
18:07 COSCO SHIPPING Heavy Industry in Yangzhou holds naming ceremony for 400K DWT VLOC
17:30 Final caisson installed for Tuas Terminal Phase 1
17:07 Klaveness Combination Carriers ASA concludes the first contract of affreightment for its CLEANBU fleet
17:05 Oceaneering takes delivery of the advanced subsea construction support vessel
16:37 COSCO SHIPPING signs a strategic cooperation agreement with Yangzhou
16:34 MOL co-own world 6 largest Liquified Ethan Carrier with Reliance
16:26 Port of Vysotsk three-month cargo throughput rose 12% to 5 million tonnes
16:05 Tanjung Bruas Port expands its services to container ships
15:46 HMM to expand cooperation with FESCO
14:41 Primorsk oil port’s throughput rose 5% in Jan-Mar to 14 million tonnes
14:29 Rosmorport picks Oil Terminal Lavna to provide berths for its ships docking in Murmansk
13:42 Ust-Luga Port’s three-month volume up 8% to more than 26 million tonnes
13:35 Port of St.-Petersburg Q1 cargo volumes rise 3% to 14.26 million tonnes
13:22 FPU Akademik Lomonosov completed trials of nuclear power plant
13:03 Russian Gov’t released orders on the purchase of domestically-produced equipment for transport infrastructure expansion programme
12:47 VDB to develop design of an 18MW icebreaker for Rosmorport
11:18 Daltransugol terminal reaches 150-millionth-tonne milestone since the facility commissioning
10:11 Crude oil futures edge down to $ 74,16 (Brent) and to $ 65,95 (WTI)
10:07 Global Ship Lease announces new long-term charter agreement with Maersk Line
10:03 Baltic Dry Index gains 31 pts to 821 points
09:07 Long Beach Harbor Commission approves new Strategic Plan
09:03 Bunker Market this morning 24th April
08:07 GTT receives a new order from Hyundai Samho Heavy Industries to design the tanks of an LNG Carrier for NYK
07:37 CMA CGM to apply GRI for frozen seafood and snow crab exports from Canada East Coast to worldwide destinations (excluding Africa, EEA, Russia and USA)

2019 April 23

18:24 Russia’s inland waterways Moscow basin ready to open for navigation as of April 24
18:16 NOVATEK’s AGM approves 2018 dividends
17:36 ABS, Google Cloud and SoftServe Partner to demonstrate feasibility of AI-enabled corrosion detection on ships and offshore structures
17:10 NOVATEK elects new board of directors
17:06 Fincantieri acquires control of Insis
16:47 President Vladimir Putin takes part in keel-laying ceremony for frigate duo at Severnaya Verft in St. Petersburg
16:40 SITC holds naming & delivery ceremony for M/V “SITC SHIDAO”
15:08 Kozmino Oil Port conducts the OSR drills
14:12 Zelenodolsk Shipyard to authenticate keel of 10th Grachonok-class counter-sabotage boat
13:31 Far Eastern ports see bunker price mixed movements
13:04 NSCP BoD vote to pull out of Novorossiysk Grain Terminal
13:02 RoRo MV joins Wallenius Wilhelmsen’s fleet
12:26 MABUX: Bunker Market this morning 23rd April
12:18 Nizhny Novgorod water development project task team eases most of environmental concerns
12:15 Wallenius and Swedish Orient Line form new Swedish shipping company – WALLENIUS SOL
11:24 Crude oil futures gain to $ 74,31 (Brent) and to $ 65,87 (WTI)
10:53 Albwardy Damen receives MASTECH award for the new Damen Multibuster 8020
10:51 RZD president slams proposal to ban the rail transport discounts during inland navigation period
10:08 RSPP to submit to Russian Gov’t water transport development proposals after May 22
09:27 Qatar Petroleum initiates LNG ship construction program for 100+ new LNG carriers
09:16 Port of St. Petersburg joins the city-wide subbontik
08:23 North Carolina Ports welcomes first 12,000 TEU vessel

2019 April 22

18:29 President Vladimir Putin to kick off loading of an LNG cargo to Coral Anthelia in Vysotsk, April 24