Italy’s Prysmian Group, a specialist in the energy and telecom cable systems industry, has announced an investment in excess of €170m ($210m) in a new cutting-edge cable laying vessel.
“This strategic asset will bolster Prysmian’s turnkey approach, under which it delivers end-to-end EPCI projects, from engineering, manufacturing and installation to full monitoring and diagnostic services,” said the Milan-based company. The cable laying ship is expected to be delivered by the middle of 2020.
Prysmian’s new vessel is intended to be the most capable cablelayer in the market and to offer enhanced project versatility thanks to advanced features like: deepwater 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 and state-of-the-art positioning and seakeeping systems and a reduced environmental footprint.
With three of the world’s most advanced cable laying vessels in its existing fleet (Giulio Verne, Cable Enterprise and Ulisse) and the widest range of high–tech installation and burial equipment, this new strategic asset, the company said, will consolidate the group’s leadership in the submarine cables and systems business and will boost the capability of its submarine cable operations by insourcing installation activities while achieving on-time delivery and execution.
Prysmian also informed that the group’s submarine business secured several important contracts in 2017 with a robust order intake of approximately €1lbn developing a solid orderbook in excess of €2.4bln as of the end of last year.