Fincantieri Ends Vard Offer at 74 Pct

Fincantieri Oil & Gas, a subsidiary of the Italian shipbuilding conglomerate Fincantieri, has closed its offer for the ordinary shares of Vard Holdings Limited with valid acceptances for 74.45% of Vard’s share capital.

Vard Signs Cruise Ship LOI with a Mystery Client

Norwegian shipbuilder and ship designer Vard has signed a Letter of Intent (LOI) for the design and construction of an expedition cruise vessel for an undisclosed international cruise company.