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

With a ceremony at the power cable plant in Karlskrona, Sweden, NKT’s new state-of-the art cable-laying vessel was named NKT Victoria. The new vessel is among the world’s most advanced and its design is based on extensive experience with offshore installations.

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.

JDR, a leading supplier of subsea power cables and umbilicals to the global offshore energy industry, has been selected by WindPlus as the preferred cable supplier for the Windfloat Atlantic 25 MW floating wind farm.

VBMS, a subsidiary of Royal Boskalis Westminster N.V. (Boskalis), has been awarded a contract to assist DEME’s subsidiary Tideway with the installation of three nearshore and shallow water sections of export cables for DONG Energy’s Hornsea Project One Offshore Wind Farm (OWF).