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Vard lands EUR 170 million cable layer contract

Monday, 07 May 2018

Vard Holdings Limited has won a contract to design and build a cable layer for Milan-based Prysmian Group.

Illustration of the cable layer

The EUR 170 million vessel, capable of deepwater cable installation at depths of up to 2,000m from high-capacity rotating platforms, is now in the design phase with construction likely to begin before the year-end. Delivery is planned for the fourth quarter of 2020. The Vard shipyard facilities where the vessel is to be built have not been named but a statement from parent company Fincantieri said that the cable layer will be built "by Vard Group’s production network".
The 172m-long vessel will have a beam of 34m and capacity for 120 people. It will be capable of undertaking complex installation procedures supporting a variety of state-of-the-art and reduced environmental footprint burial systems, the company said, including underwater heavy-duty ploughs and high-precision positioning and seakeeping systems.
Prysmian Group SVP Business Energy Project, Massimo Battaini, said: "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."