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...
https://www.marinelog.com/news/mystery-buyer-orders-cable-layer-at-vard/