Repeat order for cable laying vessel

The contract value amounts to approximately EUR200 million, and the vessel is scheduled for delivery in the first quarter of 2025. The order follows delivery of a similar vessel, Leonardo da Vinci, which was delivered from VARD to Prysmian in 2021.

Prysmian says the vessel has exceeded all expectations in its first year of operations. The new vessel is especially designed for advanced subsea operations. As with the Leonardo da Vinci, the cable layer features deep water installation capabilities for depths of more than 3,000 meters and the highest cable loading capacity in the market. 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.

The DP3 vessel is designed by Vard Design in Ålesund, Norway. The hull will be built at Vard Tulcea in Romania, while the final outfitting, commissioning and delivery will be carried out by one of Vard’s shipyard in Norway. The Group’s high technology subsidiaries are also involved in the project through deliveries of equipment and solutions. VARD is a part of the Fincantieri Group.