Prysmian will invest in a new laying vessel for submarine cables

Wednesday, 14 March, 2018 - 15:30

Prysmian Group announces an investment in excess of €170 million in a new cutting-edge cable laying vessel. This strategic asset is meant to bolster Prysmian’s turnkey approach, under which it delivers end-to-end EPCI projects.

Prysmian Group’s new vessel is intended to be the most capable cable layer in the market and to offer enhanced project versatility thanks to advanced features like: deep water installation capabilities for depths of more than 2,000 m ; increased cable loading capacity thanks to large cable rotating platforms; capability to perform complex installation operations supporting a variety of burial systems, including heavy duty ploughs; state-of-the-art positioning and seakeeping systems and a reduced environmental footprint. The ship is expected to be delivered by Q2 2020.

At the moment Prysmian already operates three oft he world‘s advanced cable laying and has a wide range of high–tech installation and burial equipment in its arsenal. The new vessel now is expected to consolidate the Group’s leadership in the submarine cables and systems business by boosting the capability of its submarine cable.

The Group’s submarine business secured several important contracts in 2017 with a robust order intake of approximately €1 billion developing a solid order book in excess of €2,400 million as at 31 December 2017. Recent main interconnection projects secured include IFA2 for a submarine link between Britain and France and an NGCP interconnection in the Philippines. In the offshore wind connections market, Prysmian has been awarded projects by RTE to link three offshore wind farms to the French electricity grid.

Prysmain

Similar Entries

Eland Cables, the global supplier of power, data, control and instrumentation cables and cable accessories, is celebrating another stellar year. With a 20 per cent increase in revenue forecast for 2017, the company is set to continue its double-digit sales growth for a third year running.

Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a new contract by Cobra Wind International Ltd to provide the cable system to connect the Kincardine Floating Offshore Wind Farm to mainland UK.

Zentech and Renewables Resources International announced to build the first Jones Act compliant U.S. installation vessel. "This vessel will provide the now evolving U.S. Offshore Wind Industry with a much needed and cost competitive marine logistic solution,” stated Zentech in a press release. The U.S. Jones Act requires for all vessels that are transporting goods to and from U.S. ports, such as components for an offshore wind farm, to be U.S. built and operated. Zentech Incorporated is a marine engineering and naval architecture firm specializing in the offshore oil and gas and renewable energy industries.

Damen Shiprepair Oranjewerf (Oranjewerf) has bid farewell to VOS Start, Vroon BV’s first DP2, subsea-support, walk-to-work (W2W) vessel. The 80m VOS Start arrived at Oranjewerf on 1 June from her build yard in China for the installation of a motion-compensated gangway system - the first of its kind - by Barge Master and Bosch Rexroth, the extended installation of a Kongsberg reference system (including a ‘windfarm module’), and an active heave-compensated crane from SMST. In the eight weeks that she was in the yard, the vessel also underwent a wide range of other upgrades and preparations for her first charter.