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our new name is
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Our new name is VARD – a short, powerful name that reflects our values, traditions, culture and maritime heritage. The name is derived from the Norwegian word “varde”, which is a small tower made of stone. These were the first navigation marks along the coast and the first was raised as early as at the time of the vikings.
I hope the name and its meaning excites you as much as it does me. I look forward to using it, and I believe it will provide us with exciting opportunities in the time ahead of us. We are now embarking on a new era in the history of our company, and together with our values, our new name will guide us in the right direction.
Before talking about our future, let me first of all take you back in time – to remind you of our origins, who we are, our conduct, and our development.
A word from VARD’s CEO
Roy ReiteChief Executive Officer, VARD
Our growth is based on the knowledge of our people, the quality of our work, and our determination to develop new and better solutions. In particular, we have built close relationships with our customers, gone out of our way to understand their priorities, and found new ways to meet their ever-evolving needs.
Having built outstanding fishing boats for many years, we are today also developing new ship designs, equipment and solutions for highly specialized offshore and special-purpose vessels.
We have always aimed to be a top global player in our most important areas of competence. We have to keep abreast of developments in technologically demanding
Our heritage goes back over generations,to a time when fishing was the way of life for people along the coast of Norway. The rough and challenging waters gave us a genuine, enduring respect and fascination for the seas, and also for the people who sail upon them. Together with these sailors, we developed ever better vessels.
Our operations in Romania, and subsequently in Brazil and Vietnam, were founded on the same approach. Also, our relations with international shipbuilders
and ship owners are based on the same philosophy. Through professionalism and globalisation we have built an entire group of companies founded on the same historical values: skill, customer-orientation, and respect for the individual and the society in which we live.
Our heritage may be important, but we have always looked towards new horizons. Seeking new solutions has always been key to our success. Just like our predecessors long before us, we continue to challenge established thinking and constantly push the boundaries of what is deemed possible.
and sophisticated fields. With the name VARD signifying our common purpose and our shared ethos, we are better equipped than ever to live up to this aspiration.
Today, we cooperate closely with our customers whenever new vessels and solutions are developed. We also draw upon strong, genuine collaboration across all of VARD’s disciplines and locations, and our international network of specialists and suppliers.
This combined experience and knowhow is an incredible asset. It just gets stronger and stronger. We are now drawing on it in a way that we have never seen before. This spirit of collaboration is the VARD-way personified – a way of working we can all take pride in.
Together we are now taking the next leap forward in the exceptional history of this company.
With our new owners, Fincantieri, we stand on a strong platform and are equipped for future growth.
VARD is one of the world’s largest makers of offshore and specialized vessels, while Fincantieri is one of the world’s largest makers of cruise vessels and a leading player in naval vessels. These combined strengths make us truly unique in our global marketplace.
This energizes us. It also commits us to a common goal of further developing an excellent company that brings value to our customers, employees, owners, the environment, and society as a whole.
I look forward to embarking on this journey together with you – under the new name of VARD.
Sincerely,
Roy ReiteChief Executive Officer, VARD
VARD’s heritage VARD today VARD tomorrow
Our new name is VARD – a short, powerful name that reflects our values, traditions, culture and maritime heritage. The name is derived from the Norwegian word “varde”, which is a small tower made of stone. This was the first navigation marks along the coast and the first was raised as early as at the time of the vikings.
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Roy ReiteChief Executive Officer, VARD
54 Visning av deler av sjøkart er i hht tillatelse 13/G709 fra Kartverkets sjødivisjon
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craftsmanship fellowship salesmanship
Even though our company name may be new, our common values are more important – and more alive – than ever before.
They are not just words. They represent who we are as a company. They show we care deeply about our co-workers, our customers, and the societies and communities in which we operate.
Just as VARD is a beacon for us in our everyday work, we have to be a beacon to each other and to the society around us. Our values will guide us, empower us and drive us forward – just as they did for our colleagues decades ago.
As we now enter a new era for our company, we must cherish and make use of these values in everything we do.
We truly care about the individual, team and society
We are a company with employees spread over large parts of the world, with diverse cultures, languages and backgrounds, but we still belong together as a team. We all work for common goals, for the client’s best. At VARD, we care about each individual, about our teams and society as a whole. Concern for Health, Safety and the Environment (HSE) is a top priority for our business, and our company’s well-being rests firmly upon it. Every employee has a right to a safe work environment, and setting high standards for a safe workplace strengthens our bond with the local communities where we operate. We all aim to be leaders and role models, and we are all empowered with great responsibility.Therefore:
• Health,SafetyandEnvironment(HSE)isourfirstpriority
• Wevaluediversity
• Wearefriendlyandcaring
• WeareONEteamwiththesamegoalsandinterests
• Ourlocalstrengthbuildglobalcompetitiveness
• Weareopenandhonest
We take pride in delivering high quality products and services
What we all do requires a high level of knowledge, dedication and skill.
The technologically advanced ships of today are more complicated to construct than any other vessels in history. Across our workforce we depend utterly on each other’s skills and attention to detail. As a collaborative team, we always seek to perfect every aspect of the building process. Therefore:
• Wearehighlyskilled
• Weinnovate,createandseeknewsolutions
• Wearehands-on
• Wehaveaproudhistory
• Ourknowledgeispassedonthroughgenerations
• Weseekcontinuousimprovementsandsharebestpractices
Customers satisfaction is everyone’s responsibility
Here at VARD we always put the customer first. Meeting our customers’ demands and delivering exceptional results and solutions, is the most important thing we do. We depend on a good dialogue with customers, and strong cooperation between sales and operations. This gives us the ability to foresee the way our business will develop and always stay ahead. Always!
For each and every one of us, in any department, in any shipyard, in any country, focusing on customer needs is our most important job. Therefore:
• Wefocusonourcustomer’sneedsinallwedo
• Weareflexibleandagile
• Wedeliverontime,budgetandquality
• Wevaluelongtermrelationship
• Wetakeinitiativeandfollowthrough
Our commonvalues
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SHIP DESIGNAND ENGINEERING
ELECTRICAL ENGINEERING, POWER AND AUTOMATION
PIPE SYSTEMS AND SERVICES
TRADING AND AFTERMARKET HANDLING SYSTEMS ACCOMMODATION
SPECIALIZED SERVICES SHIP BUILDING TYPES OF VESSELS
SHIP BUILDINGSHIP REPAIR AND CONVERSION
ANCHOR HANDLING TUG SUPPLY VESSELS
PLATTFORM SUPPLY VESSELS
OFFSHORE SUBSEA CONTRUCTION VESSELS
OTHER SPECIALIZED VESSELS
Vard Design develops designs for both standard and one-off vessel types. Highly advanced modifications can be created, according to individual customer requirements. All designs are developed with an emphasis on safety, cost optimization, fuel economy and environmental performance. VARD’s technical and engineering departments carry out and completes the engineering of all vessels built at our yards.
Vard Electro is a global provider of advanced marine electronics and turnkey electrical systems. The company offers a comprehensive range of products and services – from engineering, installation, integration testing and commissioning, through to remote diagnostics, El-conversions and hands-on global field services.
Vard Piping produces pipes and installs piping systems. Modern offshore vessels can incorporate up to ten kilometers of piping to handle fuels, chemicals, gases, fresh and waste water, and liquid cargo. The company also delivers a wide range of specialized, pipe-related services, such as camera inspection, heat treatment and high-pressure testing.
Vard Trading offers trading packages to third-party shipyards. The company will typically bundle basic or detailed designs together with various components and equipment such as main engines, propulsion systems, switchboards, and deck machinery. Meanwhile, Vard Aftermarket delivers spare parts and components to customers worldwide.
The VARD subsidiary Seaonics is a high-end provider of integrated equipment and solutions for subsea construction and deck handling operations within the marine and offshore industries.
Vard Accommodation is a turn-key contractor for the delivery and installation of complete accommodation and heating, ventilation and air conditioning (HVAC) packages for all types of vessel. The company also provides and fits all forms of insulation, including fire insulation, comfort and sound insulation, pipe insulation and exhaust insulation.
In addition to the shipbuilding related activity, VARD also provides services within ship repair and conversions. Our competence, facilities and locations make us the natural choice for ship owners looking for providers of repair and conversion services.
VARD has ten shipbuilding facilities worldwide – five in Norway, two in Romania, two in Brazil and one in Vietnam. We are constructing offshore and specialized vessels used in the offshore oil and gas exploration and production industries.Our strategically located shipyards enable us to meet every need of a diverse and sophisticated global customer base.
VARD design and build different types of vessels and ship designs of both standardized vessels and highly advanced vessels with significant customer-specific adaptions.
Our Offshore Subsea Construction Vessels (OSCV) are designed with focus on good station-keeping and excellent manoeuvrability and sea-keeping characteristics. These highly complex vessels perform subsea operations and maintenance work.
Our Platform Supply Vessels (PSV) are designed with focus on good cargo carrying capacity as well as excellent manoeuvrability together with low fuel consumption. PSVs are able to perform a variety of tasks to support offshore operations.
Our Anchor Handling Tug Supply Vessels (AHTS) are designed with focus on excellent manoeuvrability together with good capacities, high bollard pull and sufficient stability and trim. The vessels mainly perform anchor handling duties and towage of offshore drilling units and floating production units.
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Fincantieri is one of the world’s largest shipbuilding groups, which in over 200 years of maritime history has built more than 7,000 vessels.
Headquartered in Trieste, Italy, it is world leader in cruise ship construction and a reference player in other sectors, from naval vessels to cruise ferries, from megayachts to special high value-added vessels, and ship repairs and conversions. Prior to the acquisition of VARD, the Group has a total of nearly 10,000 employees and
in Italy alone it has eight shipyards and two design centres, one in Trieste, the largest in Europe, and the other in Genoa.
Fincantieri operates in the United States through its subsidiary Fincantieri Marine Group (FMG). This company, which serves both civilian and government customers, including the U.S. Navy and Coast Guard, has three shipyards (Marinette Marine, Bay Shipbuilding, Ace Marine), all located in the Great Lakes region.
Fincantieri is present in the UAE with Etihad Ship Building, a joint venture set up with Melara Middle East and Al Fattan Ship Industries, to design, produce and sell different types of civilian and military ships as well as perform maintenance and refitting activities.
Since 2002 Fincantieri has built or has orders to build 104 ships, worth a total of Euro 24 billion, and has developed dozens of prototypes in the various business segments in which it operates.
About our largest shareholder, Fincantieri
• One of the world’s largest shipbuilding groups
• Over 200 years of maritime history
• Built more than 7,000 vessels
• A world leader in cruise ship construction, and a reference player in other sectors, such as naval vessels, mega yachts, offshore and marine systems.
• Headquartered in Trieste, Italy
• Nearly 10,000 employees
Ship building
Vard AukraNerbøvegen 102NO-6480 Aukra, NorwayTel: + 47 70 21 06 [email protected]
Vard BrattvaagStrandgata 74NO-6270 Brattvåg, NorwayTel: + 47 70 21 06 [email protected]
Vard BrevikP.O. Box 15NO-3991 Brevik, NorwayTel: + 47 35 51 87 [email protected] address:Strømtangveien 17 DNO-3950 Brevik, Norway
Vard LangstenNO-6393 Tomrefjord, NorwayTel: + 47 70 21 06 [email protected]
Vard SøviknesNO-6280 Søvik, NorwayTel: + 47 70 21 06 [email protected]
Vard Braila SACeluozei Street 1ARO-810282 Braila, RomaniaTel: + 40 239 607 [email protected]
Vard Tulcea SA22, Ing. Dumitru Ivanov StreetRO-820242 Tulcea, RomaniaTel: + 40 240 534 [email protected]
Vard Vung Tau Ltd.No. 6, Dong Xuyen IP, Rach Dua Ward,VN-76999 Vung Tau, VietnamTel: + 84 (0)64 3615 [email protected]
Vard Niterói SAPraça Alcides Pereira1 - Parte Ilha da Conceiçâo - Niterói - RJCEP: 24.050-350, BrazilTel: + 55 212 7189 [email protected]
Vard Promar SAAE Zona Industrial Portuária ZIPIlha de Tatuoca, SNIpojuca, PEBR- Zip: 55590-000BrazilTel: +55 81 [email protected]
Electrical engineering,installation, power & automation
Vard Electro ASKeiser Wilhelms gt. 22NO-6003 Ålesund, NorwayTel: + 47 70 21 06 [email protected]
Vard Electro ASNO-6280 Søvik, NorwayTel: + 47 70 21 07 [email protected]
Vard Electro Brazil Ltda.Rua José Figueiredo, 5- Centro24030-055 Niterói-Rf, BrazilTel: + 5521 3628 [email protected]
Vard Electro Braila SRLCeluozei Street 1ARO-810282 Braila, RomaniaTel: + 40 239 607 [email protected]
Vard Electro Tulcea SRL22, Ing. Dumitru Ivanov StreetElectrical SectionRO-820242 Tulcea, RomaniaTel: + 40 240 534 [email protected]
Vard Electrical Installation andEngineering (India) Private Limited3-B, 3rd FloorK G Oxford Business Centre39/4609, Sreekandath RoadRavipuram, ErnakulamKochi-682 016IndiaTel: + 91 484 2355 [email protected]
Design & engineering
Vard Design ASP.O. Box 76NO-6001 Ålesund, NorwayVisiting address:Brunholmgt. 1BNO-6004 Ålesund, NorwayTel: + 47 70 21 06 [email protected]
Vard Design Liburna Ltd.Fiorella La Guardie51000 Rijeka, CroatiaTel: + 385 51 344 [email protected]
Vard Engineering ÅlesundP.O. Box 76NO-6001 Ålesund, NorwayVisiting address:Molovn. 5NO-6004 Ålesund, NorwayTel: + 47 70 21 06 [email protected]
Vard Engineering Brevik ASStrømtangvn. 19NO-3950 Brevik, NorwayTel: + 47 35 51 87 [email protected]
Accommodation
Vard Accommodation ASJohangarden NæringsparkNO-6264 Tennfjord, NorwayTel: + 47 70 21 06 [email protected]
Vard Accommodation Tulcea SRL22, Ing. Dumitru Ivanov StreetRO-820 242 Tulcea, RomaniaTel: + 40 240 534 [email protected]
Trading and aftermarket
Vard TradingP.O. Box 76NO-6001 Ålesund, NorwayVisiting address:Brunholmgt. 1BNO-6004 Ålesund, NorwayTel: + 47 70 21 06 [email protected]
Vard AftermarketStrandgata 74NO-6270 Brattvåg, NorwayTel: + 47 70 21 06 [email protected]
Pipe systems and services
Vard Piping ASJohangarden NæringsparkNO-6264 Tennfjord, NorwayTel: + 47 70 21 06 [email protected]
Vard Piping Tulcea SRL22, ing Dumitru Ivanov StreetRO-820 242 Tulcea, RomaniaTel: + 40 240 506 [email protected]
Handling systems
Seaonics ASNedre Strandgt. 29NO-6004 Ålesund, NorwayTel: + 47 71 39 16 [email protected]
Additional activities
Vard Singapore Pte. Ltd3 Temasek Avenue#20-07 Centennial TowerSingapore 039190Tel: + 65 [email protected]
Vard Brevik Holding ASP.O. Box 15NO-3991 Brevik, NorwayTel: + 47 35 51 87 00Visiting address:Strømtangvn. 21NO-3950 Brevik, Norway
Vard Offshore Brevik ASIndustrivn. 12NO-3940 Porsgrunn, NorwayTel: + 47 35 93 20 [email protected]
Vard Grenland Industri ASHavneveien 31NO-3739 Skien, NorwayTel: + 47 35 56 93 [email protected]
Vard Group ASP.O. Box 76, NO-6001 ÅlesundNorway
Visiting address: Molovegen 6 NO-6004 Ålesund Norway Tel: + 47 70 21 06 00 [email protected]
Note As of 15 March 2013, the rebranding and renaming process from STX OSV to VARD is still ongoing. The above names have been reserved and or applied for, but confirmation of formal registration is still outstanding for some entitiesand jurisdictions.
www.vard.com
