Loss of a letter of intent for a cruise ship has not dented Vard’s optimism for the market.
Fincantieri-backed Vard announced yesterday that a preliminary $117m deal revealed in January had not been converted into a firm contract.
Geir Ingebrigtsen, chief financial officer of Vard, said during the company’s second quarter earnings presentation the development did not mean “that the market itself was not promising”.
