VARD is one of the major global designers and shipbuilders, rewriting help

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VARD is one of the
major global designers and shipbuilders of offshore and specialized vessels
used in the offshore oil and gas exploration and production and oil
services industries. Headquartered in Norway and with 10,000 employees,
VARD operates ten strategically located shipbuilding facilities, including
five in Norway, two in Romania, two 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’s long
shipbuilding traditions, cutting-edge innovation and technology coupled
with its global operations ensure access to the fastest growing oil
exploration markets. The Group’s expertise and track record in constructing
complex and highly customized offshore and specialized vessels have earned
it recognition from industry players and enabled it to build strong
relationships with its customers.

VARD was listed on the Main Board of the Singapore Exchange on 12 November
2010. Majority shareholder Fincantieri Oil & Gas S.p.A., a wholly owned
subsidiary of FINCANTIERI S.p.A., owns 55.63% in the Group. 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.

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