Vard secures 170m euro contract from Prysmian

SHIPBUILDER Vard Holdings Limited said it has secured a contract worth 170 million euros (S$273 million) from Prysmian Group for the design and construction of one cable laying vessel.

The specialised 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 metres 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 metres, and a beam of 34 metres, the vessel will be able to accommodate a crew of 120 persons.

The contract value includes owner-supplied special equipment.