Mainboard-listed Vard Holdings announced yesterday that a design developed by its subsidiary, Vard Marine, has been selected for the US Coast Guard’s new offshore patrol cutter (OPC) programme.
Vard Marine president and CEO Dave McMillan commented: "We look forward to completing detailed development of the VARD 7 110 design that formed the basis for our successful bid and supporting Eastern Shipbuilding Group in constructing high-quality vessels for the US Coast Guard."
Vard Marine is based in Canada and the US and offers ship design, engineering and shipbuilding technology services to the marine community in North America, as well as selected international markets.