Vard books an order from Prysmian
The cable laying vessel just commissioned will be the most capable in the world
Vard Holdings Ltd has secured a contract – for a value, including owner supplied special equipment, of 170 million euro - for design and construction of 1 cable laying vessel for Prysmian Group.
The specialized vessel for advanced subsea operations is to be the most capable cable layer in the world to operate deep water installation capabilities over 2,000 meters and high cable loading capacity in large cable rotating platforms.
Fincantieri’s Norwegian subsidiary and the world leader in energy and telecom cable systems industry are currently completing the design; 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 fourth quarter 2020. She will be 172 meters long with a beam of 34 meters and able to accommodate 120 people 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.
“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” Massimo Battaini, Prysmian Group SVP Business Energy Project, commented.
“This contract illustrates 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 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” CEO of Fincantieri, Giuseppe Bono, said. “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 an highly prestigious Italian company”.