STX OSV Secures Contract for Delivery of Cable Laying Vessel

STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels,  has secured a contract for the design and construction of one Cable Laying Vessel (“CLV”) for an international client.

The vessel will be of STX OSV’s own CLV 01 design. Delivery is scheduled from STX OSV in Norway in 3Q 2014. The hull of the vessel will be delivered from STX OSV Tulcea in Romania. The contract price exceeds NOK 450 million.

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Press Release, October 2, 2012