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Prysmian invests in new cable vessel

By: Tom Russell 14/03/2018 Prysmian

General Vessels

Prysmian Group has announced that it is making an investment in excess of €170m in a new subsea cable laying vessel. The company stated that the strategic asset will bolster its turnkey approach, under which it delivers end-to-end EPCI projects, from engineering, manufacturing and installation to full monitoring and diagnostic services.

Prysmian Group’s new vessel will offer deep water installation capabilities for depths of more than 2,000m and be capable to perform complex installation operations supporting a variety of burial systems including heavy duty ploughs as well as positioning and seakeeping systems. The vessel is expected to be delivered by Q2 2020.

Prysmian Group currently operates three cable laying vessels in its existing fleet - Giulio Verne, Cable Enterprise and Ulisse. It also operates installation and burial equipment, including the Hydroplow, the PLB machines Sea Mole and Otter, and HD3 ploughing technology.

The Group’s submarine business secured several important contracts in 2017 with an order intake of approximately €1 billion developing an order book in excess of €2,400 million as at 31 December 2017.

One of its recent contract awards includes IFA2, a submarine link between Britain and France, and an NGCP interconnection in the Philippines. In the offshore wind market, Prysmian has been awarded projects by RTE to link three of its offshore wind farms to the French onshore grid.

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Prysmian invests in new cable vessel

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