purchase of a new market leading cable-laying vessel – which will be ready for operation in 2027.
The new vessel will work alongside NKT Victoria to support the green transition of Europe and connect offshore windfarms to land and connect national power grids for more efficient power usage.
Fincantieri signed a contract for a cable-laying vessel
Vard, Norwegian subsidiary of the Fincantieri Group, has signed a contract with an international customer for the construction of a cable-laying vessel scheduled to be delivered in Q4 2026.
The value of the contract is between 200 and 250 million euros.
VARD, one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that we have signed a contract for the construction of a cable laying vessel for an undisclosed customer.
VARD, one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that we have signed a contract for the construction of a cable laying vessel for an undisclosed customer.
In May 2023, on the back of a record order backlog and the strong market outlook, NKT announced investments in a new high-voltage factory on the existing site in Karlskrona and a new market leading cable-laying vessel. The order for the construction of the vessel has now been placed with Norwegian shipyard Vard. The vessel will be designed by the Norwegian company Salt Ship Design AS.
The vessel will be constructed in parallel with NKT expanding its site in Karlskrona, Sweden, and both assets are expected operational from 2027.