VARD SINGAPORE PTE. LTD.

VARD is one of the major global designers and shipbuilders of specialized vessels. Headquartered in Norway and with approximately 8,000 employees, VARD operates six strategically located shipbuilding facilities, including three in Norway, two in Romania 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 and track record in constructing complex and highly customized 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 79.2% 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.

Vard Electro is a globally recognized company established in Norway in 1997 and provides vessel owners with reliable and sustainable solutions for the most demanding conditions. As a subsidiary of VARD group, we pride ourselves with a long history of shipbuilder experience, giving us a unique insight to develop quality solutions for all types of vessels. In 2013 we launched our SeaQ product line, which is based on generations of shipbuilder competence. We constantly seek to develop new, innovative, and flexible solutions with a green profile. Our strength lies in selecting, configuring, and testing the different components to address our customer's needs. Vard Electro offers full-scale electrical engineering design, marine procurement, and integrated solutions for vessels in the marine industry. With the ability to operate as a specialized system integrator, we can provide everything from concept design to equipment purchase to equipment integration through the warranty period.