VARD is pleased to announce that they have secured a new contract for the design and construction of one Cable Laying Vessel for Prysmian Group in Italy. The contract value amounts to approximately euro 200 million.

The new vessel will be very similar to MV 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 and is now coming back to VARD to secure another vessel to their fleet.

“The development of smart and sustainable power grids infrastructure is key to enable the energy transition, and submarine cables are an essential component. As global leader we are fully committed to technology innovation and we are happy to partner with a worldwide leader in the construction of vessels like VARD and Fincantieri to improve also our installation capabilities” stated Valerio Battista, CEO of Prysmian Group.

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