Vard wins $200 million Toyo Construction cable layer contract

Capt. John

Fincantieri reports that its Norwegian subsidiary Vard has signed a contract worth more than $200 million to design and construct a hybrid-powered cable-laying and construction vessel for Japan’s Toyo Construction.

The hull will be built at the Vard Tulcea shipyard in Romania and will be outfitted and delivered from one of Vard’s shipyards in Norway in second quarter 2026.

The DP2 vessel will be built to VARD 9 15 design, a design developed to meet Toyo Construction’s requirements to cater for...

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