Prysmian Group will invest approximately €350m in two new cable-laying vessels that will reinforce Prysmian’s submarine project execution capabilities.
The first ship will be an evolution of the Monna Lisa class. With a length of approximately 185 metres and a breadth of about 34 metres, it will be equipped with advanced cable installation solutions, such as three carousels for a total capacity of 19,000 tonnes.
The new vessel will be built by the VARD Group (a subsidiary of the Fincantieri Group) and will be operational by the beginning of 2027.
The other asset will be the evolution of the Ulisse class, with a length of approximately 167 metres and a breadth of about 40 metres. It will be equipped with two carousels (one of them split in two concentric sections) for a total cable loading capacity of 10,000 tonnes.
The vessel will be operational by the first half of 2025.
“The market is tremendously growing, and we are facing an increasing demand for submarine cable systems for interconnections and offshore wind farm projects both in Europe and in the US,” said Prysmian Group executive vice president projects BU Hakan Ozmen.
“With this investment, we confirm Prysmian’s undisputed key role in the submarine cable business and its proven capability to act as a truly reliable and dedicated leader in the execution of turn-key complex projects, supporting the Group’s long-term growth perspectives.”