APRIL 30, 2013 — Norwegian tug operator Buksér og Berging has placed an order with Vard for the construction of one Azimuth Stern Drive (ASD) offshore tug. The vessel is scheduled for delivery in first quarter 2015 from Vard Braila in Romania.

The vessel has been developed by Buksér og Berging, and will have a length of 42.5 meters with a beam of 15 meters and a bollard pull of approximately 115 tons.

Vard CEO and Executive Director Roy Reite, said, "We welcome our new customer Buksér og Berging to Vard, and we look forward to cooperating with their team. Our shipyard in Braila has a long shipbuilding tradition going back many decades. Building on this experience, certain types of vessels are being delivered fully outfitted from Vard Braila. The yard has delivered several tugs during the last few years, and our team in Braila is proud to have secured the new contract for Buksér og Berging."

Buksér og Berging is a market leader in providing specialized towage vessels for the marine, oil and gas industries. The company aims to have a modern fleet ranging from AHTS to harbor tugs in order to provide marine services within ports and terminals, ocean towage, offshore work and complex marine operations. Buksér og Berging has 30 vessels in operation.