Vard inks €250m cable layer deal


Vard has signed a major deal to build a cable laying vessel for Swedish company, NKT HV Cables

The contract was signed on 15 December 2023 and is worth between €200-€250 million.

The hull for the cable laying vessel will be built at Vard Tulcea in Romania and outfitted and delivered from one of VARD’s yards in Norway in Q4 2026.

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