Prysmian beefs up submarine cable installation potential with new vessel
Ulisse. Source: Prysmian Group. License: All Rights Reserved.
Italian cable maker Prysmian SpA (BIT:PRY) said last week its cable lay vessel Ulisse is ready for operation, increasing the company's offshore cable installation capacity.
Prysmian now has a fleet of three vessels. It has invested EUR 20 million (USD 22m) in the latest ship, which was acquired from EOS and converted into a cable layer at the PaxOcean shipyard in Singapore.
Ulisse's first project will be the Negros-Panay connection in the Philippines. The EUR-90-million job was awarded in December 2014 and involves the design, supply, installation and commissioning of a high voltage alternating current (HVAC) 230-kV submarine cable system along a 22 km (14 mile) route across the Guimaras Strait.
"Our objective is to have a more comprehensive control of our supply chain by insourcing a greater part of the installation work and to further boost the Group’s submarine project execution capabilities with a flexible asset that can both transport submarine cables and perform cable lay and burial installation operations in shallow waters," said Massimo Battaini, energy projects senior vice president at Prysmian Group.