Norway's Vard to build part of 170 mln euro vessel in Romanian shipyard

The hull of the specialised vessel for advanced subsea operations will be built in the company's shipyard in Tulcea, in eastern Romania, Vard said in a press release on Sunday.

With a length of 172 metres and a beam of 34 metres, the vessel will be able to accommodate a crew of 120.

"We are proud to have been chosen by Prysmian to contribute to their development plans bringing to life this advanced vessel which will unquestionably make the difference in the deep water cable laying market," Vard chairman Giuseppe Coronella said.

Vard and Prysmian are currently completing the vessel’s design and according to contract activation scheme the commencement of construction phase is foreseen by end-2018.

The vessel is scheduled for delivery from Vard Brattvaag in Norway in the fourth quarter of 2020. Several other Vard specialized subsidiaries are involved in the project through deliveries of equipment and solution.

Vard is one of the major global designers and shipbuilders of specialised vessels. Headquartered in Norway and with approximately 9,000 employees, it operates nine strategically located shipbuilding facilities, including five in Norway, two in Romania, one in Brazil and one in Vietnam.

Vard Tulcea employs 3,000 and is located on the right bank of the Danube river, upstream of Tulcea.

Prysmian Group is active in the energy and telecom cable systems industry and has over 21,000 employees across 50 countries and 82 plants.

($= 0.8259 euro)