Independent journal on economy and transport policy
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VARD announces the cancellation of two contracts for the construction of two Platform Supply Vessel
They were ordered by two affiliated of German E.R. Offshore
March 16, 2015
Navalmeccanica society VARD, that it is controlled by the Italian group Fincantieri, has announced the cancellation of two contracts for the construction of two Platform Supply Vessel (PSV) affiliated formers from two of German E.R. Offshore for which the start of the failure procedures is established.
VARD has specified own ship yard of Vung Tau, in Vietnam, is constructing one of the two PSV, for which it has already perceived 10% of the price of the construction. The shipbuilding company has specified that it previews to be able to sell the two PSV to a price that will cover the construction costs less the figure of the advance payment already embedded.
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