Vard Holdings has secured orders for two more module carrier vessels for Topaz Energy in a deal worth $40m.

Vard Braila in Romania and Vard Vung Tau in Vietnam will each build one of the vessels with deliveries scheduled for the second quarter of 2018.

The vessels, of VARD 9 21 design and measuring 123 by 16.5 meters, are sister ships of a series of 15 module carrier vessels previously ordered by Topaz.

Dubai-based