On August 28, Italy’s Fincantieri, one of the world’s largest shipbuilding groups, announced on its official website that Vard, Norwegian subsidiary of the Fincantieri Group and one of the major global designers and shipbuilders of specialized vessels, has signed a contract with Island Offshore, a Norwegian shipping group operating in the Oil and Gas and Renewable market, to design and build a second hybrid-powered Ocean Energy Construction Vessel (OECV).
The new contract refers to the exercise of one option foreseen in the contract for one firm OECV and the option for two sister vessels announced with Island Offshore in May 2024.
Scheduled for delivery in Q1 2027, the new unit will be based on the VARD 3 25 design, developed in close collaboration with Island Offshore. It will be tailored to support a wide range of subsea operations, including inspection, maintenance, and repair (IMR), pipe laying, subsea infrastructure construction, installation, and diving support.
The vessel will measure 120 meters in length with a 25-meter beam and will feature a 250-ton heave-compensated offshore subsea crane. It will accommodate 130 people on board, providing top-tier facilities for crew and clients.
Vard and Island Offshore have a strong partnership, with Vard having already delivered 41 vessels to the group.