We build two kinds of ships advanced vessels and relationships

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2 We build two kinds of ships advanced vessels and relationships

3 Exploration and production in deeper and harsher waters, increasing health, safety and environmental standards, and a continuous drive for efficiency demand more advanced vessels. Long investment horizons combined with volatile offshore and financial markets make shipbuilding, ownership and operations ever more challenging. This increases the importance of even closer cooperation and relationships between shipowners and shipbuilders. When we design and build advanced offshore and specialized vessels, we build for longterm results. We take pride in each ship when it leaves the yard and throughout its lifetime. Shipbuilding is about commitment and customization. It s about solving new challenges through cooperation across borders, professional disciplines and technological possibilities. Our customers shall experience the same dedication and flexibility regardless of order size. Shipowners and shipbuilders take equal pride in their ships. They are the visible, proud manifestations of the extensive competence that exists in our partnership. With a delivery programme of more than 20 advanced vessels per year we are convinced shipbuilding is all about trust. VARD 3

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5 Your crew is our coach Close cooperation with the shipowner, the captain and the crew operating the vessel is vital for everything from safety to increasing the ship s competitiveness. It is integral to how we work, whether it takes place on the drawing board, on board with customers or at our shipyards in Norway, Romania, Vietnam and Brazil. Together with leading research communities, we continuously test new ideas and technologies. We always look for solutions that improve the cost efficiency of the ship and its operations, and the comfort and safety for the crew on board. These projects have resulted in a number of important innovations. Our research and development is based on close cooperation with our customers. Owner and crew are always welcome to work with us through the whole process. To optimize operational efficiency, small details often make a big difference, both during the building process and when the ship is at sea. By sharing knowledge on a daily basis, we develop ideas together with the men on deck. VARD 5

6 Meeting high demands with new generations VARD s history goes back several generations to a time when fishing was the main way of living for people along the coast of Norway. The demanding waters gave us an everlasting respect and fascination for the sea, and for the people who make their living from it. Norway s shipbuilding tradition is about more than just challenging seas. It s about generations of people in small communities depending on each other. It s about trust. Relationships are built over generations. Many of us working at VARD today have experienced a time when shipowners brought their families to stay at the yard during the building process. Owners, crew and shipbuilders all contributed with their expertise and stood together to adapt to new markets requiring new types of vessels. The pride each time a vessel leaves the quay is equally strong today. A firm belief in building teams, caring for the environment and local communities and working together to find new solutions is the backbone of our company. It is our culture. Our commitment to quality at all levels is as strong now as it was in the days when deals were sealed with only a handshake. Our worldwide operations are founded on the same approach. We take this culture with us when we enter new markets. Today we are 10,000 employees around the world and take pride in passing on this way of working to future generations. Our relationships with international shipowners are also based on this same philosophy. Through professionalism and internationalization we have built a company based on the same strong values. 6 VARD

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8 It s your choice Advanced offshore and specialized vessels are always tailor-made. Each project for each customer is a unique combination of ship design, outfitting and the entire building process. 10 shipyards worldwide close to the market VARD is present in Norway, Romania, Vietnam, Brazil, Croatia, India and Singapore with various entities supporting the shipbuilding process. 8 VARD Norway VARD offers customers more choice. We build vessels in different parts of the world, and offer a broad range of services and solutions. VARD vessels operate in all of the world s oceans. Vard Aukra Vard Brattvaag Vard Brevik Vard Langsten Vard Søviknes Brazil Vard Niterói Vard Promar Romania Vard Braila Vard Tulcea Vietnam Vard Vung Tau

9 Vessels delivered by VARD the last 5 years 52 Platform Supply Vessels 34 Anchor Handling Tug Supply Vessels 11 Offshore Subsea Construction Vessels 23 Other specialized vessels Vessels operation region Design provider Deliveries per year North Sea 61 South America 22 West Africa 9 Australia / New Zealand 7 Far East 3 Other 18 As of May 2013 Vard Design 58 Rolls-Royce 35 Other employees globally As of June 2013 Every 2 nd week, a new VARD vessel is delivered VARD 9

10 PLATFORM SUPPLY VESSELS We design and build a complete range of Platform Supply Vessels (PSV). PSVs are commonly referred to as the trucks of the sea, as they are designed to transport cargo to and from offshore oil rigs and platforms. PSVs are able to perform a variety of tasks to support offshore operations; our PSVs are designed with focus on cargo capacity and excellent manoeuvering capabilities combined with low fuel consumption. We have delivered more than 64 ship designs in the VARD 1-series SKANDI MARØY for DOF NEWBUILDING for Simon Møkster Shipping NEWBUILDING for Farstad Shipping Overall length: 82.2 m Breadth: 17 m Multi Role Overall length: 94.2 m Breadth: 20 m Powered by LNG Overall length: 94.6 m Breadth: 21 m 10 VARD

11 VIKING FIGHTER for NorSea Group FANNING TIDE for Tidewater NORMAND ARCTIC for Solstad Offshore Overall length: 81.7 m Breadth: 18 m Overall length: 87.9 m Breadth: 19 m Overall length: 94.3 m Breadth: 20 m Powered by LNG VARD 11

12 ANCHOR HANDLING TUG SUPPLY VESSELS We design and build technologically advanced Anchor Handling Tug Supply vessels (AHTS) capable of operations in the harshest environments. AHTS vessels mainly perform anchor handling duties and towage of offshore drilling units and floating production units. As AHTS vessels generally have free deck area, and some of them have tanks below deck, they can also carry cargo and bulk. We have delivered more than 29 ship designs in the VARD 2-series SHIP DESIGN Anchor Handling Tug Supply Vessel NEWBUILDING for DOF NEWBUILDING for Iceman Overall length: 84.5 m Breadth: 20 m Overall length: 93 m Breadth: 22 m Overall length: 94 m Breadth: 24 m 12 VARD

13 SKANDI IGUAÇU for DOF KL SALTFJORD for K Line Offshore REM GAMBLER for REM Offshore Overall length: 95 m Breadth: 24 m Overall length: 95 m Breadth: 24 m Overall length: 95 m Breadth: 24 m VARD 13

14 OFFSHORE SUBSEA CONSTRUCTION VESSELS We design and build highly advanced Offshore Subsea Construction Vessels (OSCV) for the oil and gas industry. These highly complex vessels perform subsea operations and maintenance work, and include pipelaying vessels, subsea construction vessels, diving support vessels, ROV support vessels, well intervention vessels, well stimulation vessels, and ice-classed offshore vessels designed to operate in Arctic areas. We have delivered more than 25 ship designs in the VARD 3-series SKANDI AKER for DOF NEWBUILDING for Ocean Installer LEWEK CONNECTOR for Ocean Yield Overall length: m Breadth: 27 m Overall length: m Breadth: 27 m Overall length: m Breadth: 32 m 14 VARD

15 NEWBUILDING for Farstad Shipping NEWBUILDING for Siem Offshore NEWBUILDING for DOF Overall length: 143 m Breadth: 25 m Overall length: 121 m Breadth: 22 m Overall length: 161 m Breadth: 32 m VARD 15

16 FISHING VESSELS We design and build advanced fishing vessels like stern trawlers. These vessels are developed for the best optimum between energy and catch efficiency. They are tailor-made for the fish species caught and may operate worldwide. With ice strengthened hull they may also catch species along the ice rim, both in Arctic and Antarctic waters. GADUS POSEIDON for Havfisk SHIP DESIGN Fishing Vessel Overall length: 69.8 m Breadth: 15.6 m Overall length: 125 m Breadth: 20 m 16 VARD

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18 OTHER SPECIALIZED VESSELS We also design and build other specialized vessels, such as research and coast guard vessels, special purpose cable layers, seismic vessels and icebreakers. We deliver different types of vessels and ship designs of both standardized and advanced vessels with significant customer-specific adaptations. NEWBUILDING for France Telecom Marine SHIP DESIGN Field Support Vessel SHIP DESIGN Icebreaking Support Vessel Overall length: 100 m Breadth: 21.5 m Cable laying Overall length: 77.5 m Breadth: 19 m Overall length: 99.2 m Breadth: 20 m 18 VARD

19 SHIP DESIGN Large Extent Oil Recovery Vessel SHIP DESIGN Seismic Research Vessel SHIP DESIGN Seismic Research Vessel Overall length: 89 m Breadth: 42 m Overall length: m Breadth: 21 m Overall length: 81.7 m Breadth: 18 m VARD 19

20 VARD INTRODUCING We are proud to introduce SeaQ. A wide range of our marine products and solutions. Together with our customers, we continuously push the boundaries for specialized ships. As offshore vessels and their systems have become more sophisticated, VARD has systematically acquired and developed specialized companies for design, marine electronics, accommodation and other areas. Our goal has been to develop solutions that are tailored to our customers needs. In line with VARD s shipbuilder approach, all our solutions are of high quality, meeting the most stringent industry standards. We call them SeaQ Flexible Solutions as all solutions are both scalable and compatible with solutions from other providers. This gives you, as our customer, the flexibility to choose between individual solutions and integrated solution packages. Several hundred SeaQ products and solutions are already installed on advanced offshore vessels. In our world, you can t call it innovation if it isn t tried and tested. 20 VARD

21 Flexible Solutions by Main Switchboards Emergency Switchboards Propulsion Systems Converters El motors Generators Transformers Cabin Concept Integrated Automation System Power Management System Energy Management System Blackout Prevention System Bridge and ECR Consoles Navigation Systems Bridge Alert Management System Manoeuvring Chairs Communication Systems Infotainment Module Handling & Well Intervention Systems Deck Cranes & AHC Subsea Construction Cranes Launch & Recovery Systems Active Heave Compensated Winches Deck Machinery Drilling and Tensioning systems VARD 21

22 A selection of SeaQ products and solutions SeaQ Power includes a complete set of intelligent power systems producing, distributing and controlling power on board the vessel, while adjusting it to a wide range of power consumers and needs. Vard Electro has a long track record with all elements of a vessel s power system, making it possible to offer tailor-made solutions, adapted to various types of vessels and in line with our customers preferences. Main Switchboards Emergency Switchboards Propulsion Systems Converters El motors Generators Transformers SeaQ Control includes a full set of control systems, seamlessly integrated to improve usability and maximize the vessel s performance at all times. Our customers benefit from Vard Electro s extensive experience delivering advanced automation systems and solutions for specialized vessels. Working closely with the customer, we select the best components for each assignment, while taking care of the engineering and integration challenges. SeaQ Control solutions can be delivered individually or integrated as part of a larger configuration and ready for use. Integrated Automation System Power Management System Energy Management System Blackout Prevention System Bridge and ECR Consoles SeaQ Bridge consists of a wide selection of navigation and communication products and solutions, controlled and operated from the vessel s bridge. Vard Electro works with all established makes, offering its customers the benefits of a single point of contact for the delivery, maintenance, and service of all the products we deliver. Our customers operate in demanding segments with constantly evolving regulations. Therefore, we focus on developing a strong understanding of the industry requirements and offer solutions that meet the latest requirements. Navigation Systems Bridge Alert Management System Manoeuvring Chairs Communication Systems Infotainment 22 VARD

23 SeaQ Cabin is an innovative cabin system developed to fit today s expectations from crews. The concept focuses on creating silent cabins to ensure high quality living conditions on board. SeaQ cabin solutions also enable shipowners to fit two one-person cabins in the space of a traditional two-person cabin. With this concept we have succeeded in standardizing cabin area layout, providing predictable arrangement of accommodation decks and full utilization of available space. In addition, this modular system enables an efficient building process. SeaQ Cabin is developed by Vard Accommodation. Cabin Concept Seaonics is a VARD subsidiary and a high-end provider of integrated equipment and solutions for subsea construction and deck handling operations in the marine and offshore industries. Seaonics focuses on developing and improving handling systems, making handling operations simplified and effective. Development of new products is made in close interaction with clients. Seaonics wide product range includes AHC subsea construction cranes, well intervention towers, standard deck machinery and fishing winches. Module Handling & Well Intervention Systems Deck Cranes & AHC Subsea Construction Cranes Launch & Recovery Systems Active Heave Compensated Winches Deck Machinery Drilling and Tensioning systems Individual products or complete packages All products and solutions developed by VARD are available for customers worldwide as individual products or as part of packages. VARD has long experience supplying customers with solution packages including ship design, our own SeaQ solutions and third-party equipment. VARD 23

24 VARD worldwide deliveries ISLAND CRUSADER for Island Offshore ISLAND CROWN for Island Offshore FAR SOLITAIRE for Farstad Shipping REM SUPPORTER for Rem Offshore TROMS SIRIUS for Troms Offshore OLYMPIC ENERGY for Olympic Shipping SIEM ATLAS for Siem Offshore STRIL POLAR for Simon Møkster Shipping SEA BRASIL for Deep Sea Supply 24 VARD

25 SKANDI ATLANTIC for Aker DOF Deepwater RAMFORM STERLING for PGS AKER WAYFARER for Aker Oilfield Services NORMAND PROSPER for Solstad Offshore NORMAND OCEANIC for Solstad Offshore MANGYSTAU-5 for JSC Circle Marine Invest SKANDI HUGEN for DOF FAR SENATOR for Farstad Shipping SKANDI VITÓRIA for DOF VARD 25

26 Registered Office Head Office Vard Holdings Ltd. 50 Raffles Place #31-01 Singapore Land Tower Singapore Vard Group AS P.O. Box 76, NO-6001 Ålesund,Norway Tel Visiting address Molovegen 6, NO-6001 Ålesund,Norway Shipbuilding Vard Aukra Nerbøvegen 102 NO-6480 Aukra, Norway Tel: aukra@vard.com Vard Brattvaag Strandgata 74 NO-6270 Brattvåg, Norway Tel: brattvaag@vard.com Vard Brevik P.O. Box 15 NO-3991 Brevik, Norway Tel: brevik@vard.com Visiting address: Strømtangveien 17 D NO-3950 Brevik, Norway Vard Langsten NO-6393 Tomrefjord, Norway Tel: langsten@vard.com Vard Søviknes NO-6280 Søvik, Norway Tel: soviknes@vard.com Vard Braila SA Celuozei Street 1A RO Braila, Romania Tel: braila@vard.com Vard Tulcea SA 22, Ing. Dumitru Ivanov Street RO Tulcea, Romania Tel: tulcea@vard.com Vard Vung Tau Ltd. No. 6, Dong Xuyen IP, Rach Dua Ward, VN Vung Tau, Vietnam Tel: + 84 (0) vungtau@vard.com Vard Niterói SA Praça Alcides Pereira 1 - Parte Ilha da Conceiçâo - Niterói - RJ CEP: , Brazil Tel: niteroi@vard.com Vard Promar SA AE Zona Industrial Portuária ZIP Ilha de Tatuoca, SN Ipojuca, PE BR- Zip: Brazil Tel: promar@vard.com Electrical engineering, installation, power and automation Vard Electro AS Keiser Wilhelms gt. 22 NO-6003 Ålesund, Norway Tel: electro@vard.com Vard Electro AS NO-6280 Søvik, Norway Tel: electro@vard.com Vard Electro Brazil Instalacoes Eletricas Ltda. Rua José Figueiredo, 5- Centro Niterói-RJ, Brazil Tel: electro.brazil@vard.com Vard Electro Braila SRL Celuozei Street 1A RO Braila, Romania Tel: electro.braila@vard.com Vard Electro Tulcea SRL 22, Ing. Dumitru Ivanov Street Electrical Section RO Tulcea, Romania Tel: electro.tulcea@vard.com Vard Electrical Installation and Engineering (India) Pte. Ltd. 3-B, 3rd Floor K G Oxford Business Centre 39/4609, Sreekandath Road Ravipuram, Ernakulam Kochi India Tel: electro.india@vard.com Design and engineering Vard Design AS P.O. Box 76 NO-6001 Ålesund, Norway Visiting address: Brunholmgt. 1B NO-6004 Ålesund, Norway Tel: design@vard.com Vard Design Liburna Ltd. Fiorella La Guardie Rijeka, Croatia Tel: design.liburna@vard.com Vard Engineering Ålesund P.O. Box 76 NO-6001 Ålesund, Norway Visiting address: Molovn. 5 NO-6004 Ålesund, Norway Tel: engineering.alesund@vard.com Vard Engineering Brevik AS Strømtangvn. 19 NO-3950 Brevik, Norway Tel: engineering.brevik@vard.com Trading Vard Trading P.O. Box 76 NO-6001 Ålesund, Norway Visiting address: Brunholmgt. 1B NO-6004 Ålesund, Norway Tel: trading@vard.com Accommodation Vard Accommodation AS Johangarden Næringspark Tennfjordvegen 113 NO-6264 Tennfjord, Norway Tel: accommodation@vard.com Vard Accommodation Tulcea SRL 22, Ing. Dumitru Ivanov Street RO Tulcea, Romania Tel: accommodation.tulcea@vard.com Pipe systems and services Vard Piping AS Johangarden Næringspark Tennfjordvegen 113 NO-6264 Tennfjord, Norway Tel: piping@vard.com Vard Piping Tulcea SRL 22, ing Dumitru Ivanov Street RO Tulcea, Romania Tel: piping.tulcea@vard.com Handling systems Seaonics AS Nedre Strandgt. 29 NO-6004 Ålesund, Norway Tel: mail@seaonics.com Additional activities Vard Singapore Pte. Ltd. 3 Temasek Avenue #20-03 Centennial Tower Singapore Tel: singapore@vard.com Vard Brevik Holding AS P.O. Box 15 NO-3991 Brevik, Norway Tel: Visiting address: Strømtangvn. 21 NO-3950 Brevik, Norway Vard Offshore Brevik AS Industrivn. 12 NO-3940 Porsgrunn, Norway Tel: offshore.brevik@vard.com Vard Grenland Industri AS Havneveien 31 NO-3739 Skien, Norway Tel: grenland.industri@vard.com Photos: Per Magne Gjerde, Ole Walter Jacobsen, Tom Gulbrandsen, Harald M Valderhaug, Morten Hellevik, Jan Plottke, Mircea Stoian, Bernhard Hansen, Gunder Tande Sandersen, Deep Sea, VARD Illustrations: Ocean Visuals, Vard Design Design: Print: 26 VARD

27 craftsmanship We take pride in delivering high quality products and services fellowship We truly care about the individual, team and society salesmanship Customers satisfaction is everyone s responsibility

28 Vard Group AS P.O. Box 76, NO-6001 Ålesund Norway Visiting address: Molovegen 6, NO-6004 Ålesund Norway Tel: mail@vard.com V 02/2013