The first of seven Iceland-bound trawlers from Aukra, Norway-based Vard has been delivered, with the remainder scheduled to be delivered in the second half of the year.
A consortium including shipping companies Bergur-Huginn, Skinney-Thinganes, and Gjögur ordered two trawlers each, using export financing from Export Credit Norway. The owner of the seventh vessel has secured funding elsewhere. The total cost of the trawlers is DKK 700 million (€93.7 million/$104.3 million).
Export Credit Norway offers loan financing to Norwegian and international companies that buy products and services from Norwegian exporters.
