Prysmian Group, Bygg nr. 872 ved Vard Brattvaag, VARD 9 04 "Leonardo da Vinci"


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Prysmian Announces New EUR 170 Million Cable Laying Vessel

Prysmian will invest more than EUR 170 million in a new cable laying vessel, the company informed today (14 March), saying the vessel is a strategic asset which will, among other things, strengthen Prysmian’s offshore wind project execution capabilities. The new cable laying vessel is expected to be delivered by the second quarter of 2020.

According to the company, the vessel is intended to be the most capable cable layer in the market and to offer enhanced project versatility thanks to advanced features such as deep water installation at depths of more than 2,000m and increased cable loading capacity thanks to large cable rotating platforms.

The new cable layer will also perform complex installation operations supporting a variety of burial systems, as well as state-of-the-art positioning and seakeeping systems and a reduced environmental footprint, Prysmian said.

The company stated that its submarine business secured several important contracts in 2017 with a robust order intake of approximately EUR 1 billion, developing a solid order book in excess of EUR 2,400 million as at 31 December 2017.

In the offshore wind market, Prysmian has been awarded contracts by RTE in 2017, under which it will link three offshore wind farms to the French electricity grid. The interconnection projects the company secured include IFA2 for a submarine link between Britain and France and an NGCP interconnection in the Philippines.
Prysmian’s cable laying vessel fleet currently includes Giulio Verne, Cable Enterprise and Ulisse.


We are pleased to announce that we have been selected by Prysmian Group for the design and construction of one cable laying vessel. The contract value, including owner supplied special equipment, amounts to approximately € 170 million (approximately NOK 1.6 billion).

The specialized vessel for advanced subsea operations, is intended to be the most capable cable layer in its market, featuring deep water installation capabilities for depths of more than 2,000 meters and high cable loading capacity in large cable rotating platforms. The cable layer is developed to perform complex installation operations, supported by a variety of burial systems, including heavy duty ploughs, and state-of-the-art positioning and seakeeping systems, coupled with a reduced environmental footprint. With a length of 172 meters, and a beam of 34 meters, the vessel will be able to accommodate a crew of 120 persons.

Mr. Roy Reite, CEO and Executive Director of VARD, commented: “It is an honor to welcome Prysmian Group to VARD. Our broad experience in the design and construction of several cable layers and other specialized vessels over the years, combined with Prysmian’s know-how and established experience in advanced submarine cable operations, have been of high value in the development process. We look forward to building this cutting-edge cable layer in close cooperation with our new customer.”

The cable layer is designed by Vard Design in Ålesund, Norway. VARD and Prysmian are currently completing the vessel’s design and according to contract activation scheme the commencement of construction phase is foreseen by end 2018. The vessel is scheduled for delivery from Vard Brattvaag in Norway, in 4Q 2020. The hull will be built at Vard Tulcea in Romania. Several of the Group’s specialized subsidiaries are also involved in the project through deliveries of equipment and solutions.

Mr. Giuseppe Coronella, Chairman of Vard Holdings Limited, commented: "We are proud to have been chosen by Prysmian to contribute to their development plans bringing to life this advanced vessel which will unquestionably make the difference in the deep water cable laying market."

Mr. Massimo Battaini, Prysmian Group SVP Business Energy Project, commented: “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.”

Prysmian Group is world leader in the energy and telecom cable systems industry. With almost 140 years of experience, sales of about €7.9 billion in 2017, over 21,000 employees across 50 countries and 82 plants, the Group is strongly positioned in high-tech markets and offers the widest possible range of products, services, technologies and know-how. It operates in the businesses of underground and submarine cables and systems for power transmission and distribution, of special cables for applications in many different industries and of medium and low voltage cables for the construction and infrastructure sectors. For the telecommunications industry, the Group manufactures cables and accessories for voice, video and data transmission, offering a comprehensive range of optical fibers, optical and copper cables and connectivity systems. Prysmian is a public company, listed on the Italian Stock Exchange in the FTSE MIB index.

VARD 9 04

Illustrasjon: Vard