South Korean cabling firm Taihan Cable & Solution is pressing ahead towards becoming a total solution provider for subsea cables with the acquisition of what it says is its country’s only cable layer designed for offshore wind power.
The unnamed ship is equipped with self-propulsion and a dynamic positioning system and is capable of loading up to 4,400 tons of subsea cables at once.
The company said that the increasing demand for submarine cables is likely to cause a shortage of cable layers, leading to higher charter rates for such vessels and that owning the vessel positions Taihan favorably to undertake projects steadily and tap into new revenue sources.
Taihan will deploy the ship first for the Yeonggwang Nakwol offshore wind power project it recently won and later for the Anma offshore wind power project.
“As this CLV meets the global standard for the European offshore wind power market, it opens up various business opportunities in the global market,” a company official said, adding: “We will work to leap forward as a total solution provider in the global submarine cable market through aggressive investments, including the construction of a second submarine cable plant for HVDC and export cables and expanding our sales network both in Korea and internationally.”
