Vard signs a new contract for the construction of two CSOV Maersk records an increase in quarterly revenue and a drop in profits Union Pacific and Norfolk Southern announced a merger agreement today

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The ships will be destined to support operations in the offshore wind sector

Vard, the Norwegian subsidiary of the Fincantieri group, has announced
the signing of a new contract with an international client for the
design and construction of two Commissioning
Service Operation Vessel (CSOV) units, with an option for a third unit.
The value of the agreement for the two units is between
100 and 200 million euros.

The ships, intended to support operations in the offshore wind
sector, will be based on the internally developed Vard 4 19 design
at Vard Design in Ålesund, Norway. The design,
updated and customized for the client, features an optimized hull
for minimal fuel consumption and maximum operability, and
will be equipped with a battery hybrid propulsion system
that also enables zero-emission operations. The units are
also prepared for future methanol fueling,
offering an additional sustainable option for operations. The CSOVs
will have a length of approximately 87 meters and a width of around
19.5 meters. They will be equipped with an advanced dynamic positioning
DP2 system, capable of reaching a transit speed
of 13 knots and accommodating up to 120 people on board, in 84 cabins.

The hull of the first ship will be built at one of
Vard’s shipyards in Romania, while the final outfitting, testing,
and delivery will take place in Norway. The second unit will be
built at the Vard shipyard in Vung Tau, Vietnam.
Delivery of the first ship is expected by mid-2027,
and the second by mid-2028.