Haavard Ulstein-led Island will pay NOK 300m ($46m) for the ship, which is being described only as an offshore support vessel.
Holger Dilling, head of investor relations at Vard, was unwilling to reveal further details about the design of the vessel due to an agreement with the shipowner.
Brokers tell TradeWinds the price suggests a medium to large sized platform supply vessel (PSV).
