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Vow secured EUR 4.7 mill in contracts

29th April, 2022

Vow subsidiary Scanship has secured an order for delivery of its advanced wastewater purification, food waste processing and garbage handling system to a newbuild cruise ship. The contract is valued at EUR 3.5 mill. In addition, Vow’s subsidiary C.H. Evensen has secured a EUR 1.2 mill contract to deliver a gas heated galvanizing furnace to Otto Lehmann GmbH in Germany.

Scanship

Vow subsidiary Scanship has secured a EUR 3.5m clean tech newbuild contract in cruise. The ship which will be built at an undisclosed European shipyard for an unnamed cruise operator, will enter into service in 2025, and Scanship will deliver all equipment under this contract starting in mid-2023. The agreement includes an option to deliver a similar system to a second ship in the same series.

The award of this newbuild contract coincided with the Seatrade Cruise Global expo in Miami, Florida this week. Commenting on the award at the exhibition, Henrik Badin, CEO of Vow ASA said:

“It is great to be back and meet with cruise industry colleagues and celebrate that cruise is now returning to sea. By end of June this year, expectations are that the entire cruise industry fleet will be back in operation. Vow and Scanship are here and well positioned to continue supporting shipyards and the shipowners in their green transition and on their mission for an ever cleaner ocean.”

C.H. Evensen

Vow subsidiary C.H. Evensen has secured a EUR 1.2 mill contract to deliver a gas heated galvanizing furnace to Otto Lehmann GmbH in Germany. The delivery is scheduled for fourth quarter this year.

“This will be the third galvanising furnace we deliver to Otto Lehmann. We are pleased to be selected again and proud to continue to service this renowned customer. With this and other recent contracts awards, we see a significant increase in activity going forward, and we are currently in the process of recruiting additional skilled personnel at our plant in Fredrikstad to increase our capacity,” said Henrik Wulff, managing director of C.H. Evensen.

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