Italian subsea cables company Prysmian will invest more than €170 million (US$210 million) in a new cable laying vessel (CLV).
Scheduled for delivery by the second quarter of 2020, the CLV will feature deep-water installation capabilities for a variety of burial systems at depths of more than 2,000 metres; increased cable-loading capacity with its cable-rotating platforms; and the latest positioning and seakeeping systems.
The CLV was ordered to help Prysmian deliver end-to-end engineering, procurement, construction and installation (EPCI) projects, from engineering, manufacturing and installation to full monitoring and diagnostic services.
The company hopes it will also support long-term growth prospects in the submarine cable installation business.