SINGAPORE (Sept 14): Vard Design, a subsidiary of shipbuilder Vard Holdings, has secured a contract to design a cable lay vessel for Kokusai Cable Ship, a construction company based in Japan.

The vessel is currently being constructed at Colombo Dockyard in Sri Lanka in accordance to the VARD 9 01 design, and is expected to be delivered in 2019.

Vard did not elaborate on the value of the contract.

In a press release on Thursday, Vard says the vessel will be tailor-made for the efficient installation and repair of subsea telecom cables, and will also be prepared for the expanding power cable installation market by incorporating a high capacity below-deck cable carousel.

It will feature diesel electric propulsion, DP2 positioning and large cable tanks combined with a 2000 ton capacity carousel, as well as a total cable carrying capacity of 5,000 tons.

The outfitting also comprises a dual cable lay system, A-frame, hydro plough and trenching remotely operated vehicle (ROV).

The group, which says it has developed the vessel in close co-operation with Kokusai Cable Ship, Colombo Dockyard and key suppliers, will “add a new level of efficiency and capability to the cable laying market in Japan”.

A keel laying ceremony was held for the vessel in Colombo on Sept 7.

 “Vard Design has designed 185 specialised vessels for shipowners and shipyards all over the world. We are proud to be selected by Kokusai Cable Ship together with Colombo Dockyard to design their new flagship,” says Vard Design’s senior vice president, Erik Haakonsholm.

“Our first cable layer of VARD 9 01 design was built by VARD in 2014, and the new vessel for operations in the Japanese market is a further evolution of this vessel, with additional capacity and power cable installation features,” he adds.

Shares in Vard closed flat at 24 cents on Thursday.