Mystery buyer orders cable layer at Vard

Capt. John

With offshore wind farm development creating the need to lay a lot of cable, demand for cable layers can only be expected to grow. One beneficiary of this is Fincantieri’s Norwegian subsidiary Vard. Today, came news that it has signed a contract worth EUR 200 million to EUR 250 million (about $218 million to $272 million) to build a cable laying vessel for a mystery buyer described only as an “undisclosed international customer.”

The order comes less than one week after Vard’s announcement of...

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