The Saevik family controlled shipbuilder will pocket NOK 350m ($58.6m) to construct a 4,250-dwt platform supply vessel (PSV) at its Leirvik yard by July 2015.

Steingrimur Erlingsson-led Fafnir has an option to order a sister ship for delivery in the final leg of the same year.

The Havyard 830 WE ICE is an ice class hybrid battery powered vessel designed to work in Arctic conditions.

Fafnir,