Offshore shipbuilder Vard Holdings has received a three-ship order worth $70m.

The company provided no details as to what type of vessels it would build, and for whom, in its announcement sent to the Singapore Stock Exchange today.

Headquartered in Norway, Vard is majority owned by Italy’s Fincantieri Oil & Gas S.p.A.

The yard group builds offshore and specialist vessels at ten shipyards spread across the globe.