Vard, the Norwegian subsidiary of the Group and one of the world's leading builders of specialized vessels, has signed a new contract with the US research organization Inkfish for the design and construction of an advanced research vessel. The deal is valued at over USD$233 million (€200 million).
Around 50 vessels have operated on hydrogen as fuel since the pioneering ferry Hydra set sail in 2000.Whether it’s used in fuel cells or combustion engines, its capex and opex are still much higher than an equivalent diesel system, and it’s expected to stay that way until at least 2040.