Vard Holdings has secured a contract to design and build the very first electric hybrid cruise icebreaker for France's Ponant.

The contract value for the Polar Class 2 icebreaker is approximately NOK 2.7 billion ($323m), said Vard, which has shipyards in Norway, Romania, Brazil, and Vietnam.

The newbuild is the first electric hybrid cruise icebreaker with dual fuel propulsion, featuring high-capacity batteries and LNG storage on board, the Singapore-listed company said.