Jan De Nul Group has started 2024 with an order book of €8.9 billion, an increase of 38% compared to last year. In its latest financial report, the Belgian company said it had far exceeded its expectations for 2023 and has been net debt-free for the tenth year in a row. In 2023, Jan De Nul reported
Japan-headquartered Sumitomo Electric has kicked off the construction of its subsea cable factory in Scotland, set to supply critical elements for the reinforcement of the UK electricity transmission grid and for connecting renewable energy production facilities to the grid. Sumitomo Electric held t
Italy-headquartered Next Geosolutions is about to kick off a cable route survey in the UK for the LionLink multi-purpose interconnector that will connect the UK with the Netherlands. LionLink, being developed by the Dutch TenneT and the UK’s National Grid, will connect a Dutch offshore wind farm wit
The new cable factory Twentsche Kabelfabriek (TKF) built in Eemshaven is preparing for full operation as the company completed a type test run in March, producing a three power core-type test cable, and with the vertical lay-up machine (VLM) delivered by PASSER now commissioned and undergoing final
Norway’s shipbuilder VARD has contracted compatriot TMC Compressors to supply a complete marine compressed air system for a cable-laying vessel (CLV) that it is constructing for Italian cabling giant Prysmian. Under the contract whose value has not been disclosed, TMC will deliver a marine compresse
The landfall of the first submarine cable circuit has been completed by LS Cable & System and LS Marine Solution in the construction of the Jeonnam offshore wind farm in South Korea. Jeonnam Offshore Wind Power was founded in 2020 as a 51-49 joint venture between SK E&S and Copenhagen Infrastructure
ZTT Submarine Cable & System has finished the installation and termination of the 155 kV submarine cable connecting the Gode Wind 3 offshore wind farm to the DolWin kappa offshore converter platform in Germany. In 2020, TenneT contracted ZTT Submarine Cable & System to link the 253 MW offshore wind
In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9%
Greece-based Asso.subsea has completed the cable installation, burial, and protection operations for the Provence Grand Large floating offshore wind project in France. The Provence Grand Large floating offshore wind project is located 17 kilometers off the coast in the Mediterranean Sea, on a 100-me
Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of c
Paris-headquartered cable systems designer and manufacturer Nexans has reported a record adjusted backlog of €6.7 billion for its Generation & Transmission segment, a 10.2% increase compared to December 2023, said to be mainly subsea-driven. In its financial results for the first quarter of 2024, Ne
Hellenic Cables Americas, the U.S. subsidiary of Cenergy Holdings, has received financial support from the U.S. Department of Energy (DOE) for its planned cable manufacturing facility in Maryland. Hellenic Cables Americas is planning to build a new cable manufacturing facility in Baltimore, Maryland
What is said to be the world’s first eco-friendly cable protection system has been deployed at sea, The Crown Estate, UK seabed manager, reported. The UK’s Crown Estate announced that earlier this month the world’s first carbon-neutral and plastic-free cable protection was deployed off the coast of
Designer and manufacturer of cable systems Nexans and Norwegian state-owned energy giant Equinor have expanded their long-standing relationship with a four-year contingency and preparedness contract. The long-term collaboration between the two companies is extended through a four-year agreement that
