Vard To Build Cable Laying Vessel For Prysmian Group
Vard Holdings Limited, Fincantieri’s Norwegian subsidiary, one of the major global designers and shipbuilders of offshore and specialized vessels, has secured a contract for the design and construction of one cable laying vessel for Prysmian Group, the world leader in energy and telecom cable systems industry. The contract value, including owner, supplied special equipment, amounts to approximately euro 170 million.
The specialized vessel for advanced subsea operations, is intended to be the most capable cable layer in its market. Her strengths will be deep water installation capabilities for depths of more than 2,000 meters and high cable loading capacity in large cable rotating platforms.
Vard and Prysmian are currently completing vessel’s design and, according to contract activation scheme, the commencement of construction phase is foreseen by the end 2018. The cable layer, including the main systems and equipment, will be built by VARD Group’s production network with delivery scheduled in 4Q 2020. She will be 172 meters long with a beam of 34 meters and will be able to accommodate 120 people. The vessel will be developed to perform complex installation operations supporting a variety of state-of-the-art and reduced environmental footprint burial systems, including underwater heavy duty ploughs and high precision positioning and seakeeping systems.
Massimo Battaini, Prysmian Group SVP Business Energy Project, commented: “This new strategic asset will consolidate Prysmian Group’s leadership in the submarine cable industry, by bolstering turnkey approach, under which we deliver end-to-end EPCI projects, from engineering, manufacturing and installation to full monitoring and diagnostic services”.
The CEO of Fincantieri, Giuseppe Bono, said: “This contract illustrates in the best possible way the concreteness of our diversification strategy, as well as the effectiveness of the synergies carried out within our Group. By exploiting the wealth of skills of our subsidiary Vard, from today we can enhance our product portfolio with an original and cutting-edge project in the offshore sector. Fincantieri closely follows the evolution of this market, which after years is beginning to show early signs of recovery”. Bono then concluded: “This order is, in fact, one of the first worldwide following the market crisis. It, therefore, fills us with pride that we have been able to secure this contract, gaining the trust of a highly prestigious Italian company, like Prysmian”.
Press Release: fincantieri.com
Shipping News You Would Like:
Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Do you have info to share with us ? Suggest a correction
Latest Shipping News You Would Like:
U.S Navy Accuses Iranian Vessels Of Harassing Its Marine Attack Helicopter With Lasers
European Maritime Companies Ditching Toxic Ships On Bangladesh Beaches, Killing Workers
HII Achieves Construction Milestone For Virginia-Class Submarine USS Arkansas
Improperly Declared Dangerous Goods Putting Lives At Risk In The Supply Chain
NYK To Trial Mooring System To Suppress Hull Shaking With Jera And Trelleborg Marine Systems
Get the Latest Maritime News Delivered to Your Inbox!
Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.