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Is Vard’s diversification strategy working?

Benjamin Cher
Benjamin Cher9/26/2016 11:16 AM GMT+08  • 1 min read
Is Vard’s diversification strategy working?
SINGAPORE (Sept 26): OCBC Investment Research is maintaining its “hold” call on Vard Holdings despite its efforts at diversification.
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SINGAPORE (Sept 26): OCBC Investment Research is maintaining its “hold” call on Vard Holdings despite its efforts at diversification.

The offshore support vessel (OSV) designer and builder has been hit hard by the oil price downturn, given that its key market, the North Sea, has collapsed, notes lead analyst Low Pei Han in a Monday report.

Vard has been diversifying away from the oil and gas sector, notes Low, securing vessels related to aquaculture, module carrier vessels and luxury expedition cruises.

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