Norwegian shipbuilder and ship designer Vard Holdings Limited has secured contracts for the construction of one stern trawler and one coastal fishing vessel with a combined value of NOK410m (US$50m).

Vard will build the stern trawler for a new and unnamed Canadian client. The value of the contract is approximately NOK350m.

The ice-classed vessel measures 79 meters in length and 16.6 meters in width, with Rolls-Royce NVC 374 design.

Developed for shrimp trawling in the harsh environments of the North Atlantic, it also features an onboard shrimp processing plant.

The delivery is scheduled from Vard Aukra in Norway in 4Q 2016, and the hull of the vessel will be built at Vard Braila in Romania.

The coastal fishing vessel was ordered by Breivik AS of Norway. The vessel is scheduled for delivery from Vard Braila in Romania in 3Q 2016, securing work for the yard in all stages of production.

The value of the contract is approximately NOK60m. The vessel is of the Seacon SC34 design, and is equipped with a factory and freezing plant.