Vow ASA Secures New Contract for Innovative Cruise Vessels
Vow ASA Announces New Contract for Sustainable Cruise Build
Vow ASA (OSE ticker: VOW) has exciting news as it confirms a new contract related to the equipment supply for a second cruise ship. The contract, which has been eagerly anticipated, marks a significant achievement in the company's mission to revolutionize the cruise industry.
Details of the New Contract
This new contract comes on the heels of a previous award in which Vow ASA was recognized for its innovative offerings. The value of the equipment for this second ship is set at an impressive EUR 14.5 million and is scheduled for delivery at the shipyard in 2026. This remarkable undertaking not only showcases Vow ASA's capabilities but also its commitment to advancing sustainable practices within the maritime sector.
The Impact on the Cruise Industry
As highlighted by Vow ASA's CEO, Henrik Badin, these contracts represent a step forward for the cruise industry towards more sustainable operations. The integration of the Scanship system will ensure that organic waste is efficiently managed, converting it into eco-friendly bioenergy. This innovative approach not only helps in reducing waste but also contributes to a stable form of carbon for long-term storage solutions.
About Vow ASA and Its Commitment
Vow ASA's dedication to innovation and sustainability extends well beyond this contract. The company, along with its subsidiaries—Scanship, C.H. Evensen, and Etia—aims to prevent pollution through advanced technologies that transform waste and biomass into valuable resources. This approach aligns with global goals for reducing carbon footprints and fostering a cleaner environment.
Technological Innovations
The solutions provided by Vow ASA are revolutionary, allowing for the decarbonization of various industries. By converting sewage sludge, plastic waste, and other materials into clean energy and renewable resources, Vow ASA is playing a pivotal role in moving towards a greener future. Their patented and scalable technologies have been well-validated in the market, making them leaders in wastewater management and resource valorization.
Key Players at Vow ASA
For those interested in more about Vow ASA, you can reach out to the leadership team. Henrik Badin, CEO, can be contacted at +47 90 78 98 25 or via email at henrik.badin@vowasa.com. CFO Tina Tønnessen is also available for inquiries at +47 406 39 556 or tina.tonnessen@vowasa.com.
Frequently Asked Questions
What does Vow ASA specialize in?
Vow ASA specializes in transforming waste into valuable resources and clean energy, focusing on sustainable solutions for various industries.
How much is the new contract worth?
The new contract for the second cruise ship is valued at EUR 14.5 million.
When will the equipment be delivered?
The equipment is scheduled for delivery in 2026.
What is the Scanship system?
The Scanship system is an advanced waste management technology that converts organic waste into bioenergy and facilitates long-term carbon storage.
How can I contact Vow ASA?
Contact CEO Henrik Badin at +47 90 78 98 25 or CFO Tina Tønnessen at +47 406 39 556 for inquiries.
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