Vard to build cable lay vessel for Prysmian Group

Norwegian offshore shipbuilder Vard has been awarded a contract by Italy’s Prysmian Group to design and construct a cable laying vessel valued at around €170m ($206.2m).

The cable layer, designed by Vard Design in Ålesund, will feature deep water installation capabilities for depths of more than 2,000 meters and high cable loading capacity in large cable rotating platforms.

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.”

Vard and Prysmian are currently completing the design of the vessel, which is scheduled to commence construction by the end of the year. The hull will be built at Vard Tulcea in Romania, and delivery is scheduled from Vard Brattvaag in Norway in the fourth quarter of 2020.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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