LS Marine Solution readies $252m for Asia’s largest cable layer

South Korean subsea cable contractor LS Marine Solution has revealed plans to build one of the world’s largest cable-laying vessels (CLVs).

The company said in a stock exchange filing on Tuesday it would invest KRW345.8bn ($252m) in a 13,000-ton-class newbuild, which will rank among the top five globally and be the largest in Asia in terms of cable loading capacity.

The shipbuilder has yet to be selected, but LS Marine said it expects the CLV to be put into operation in the first half of 2028.

The move is aimed at securing more large-scale high voltage direct current (HVDC) and offshore wind power projects and positioning the group as a global turnkey project provider in collaboration with LS Cable & System.

According to the company, which currently operates three assets, the new vessel will be fit to lay both HVDC submarine cables and fiber-optic cables simultaneously. It will also feature advanced specifications found in only three similar vessels currently in operation worldwide.

SOURCE : splash247