Fincantieri’s Norway Unit Secures Record €700 Million Deep-Sea Research Vessel Contract
Vard Wins Landmark Contract for Advanced Research Vessel
May 29 (Reuters) - Italian shipbuilder Fincantieri said on Friday its Norwegian subsidiary Vard had won a €700 million ($814 million) contract with U.S.-based research organization Inkfish to build a deep-sea research vessel.
Significance of the Contract
"This represents the largest order ever secured by VARD for a single vessel, as well as the largest order of its kind for any Norwegian shipyard," Fincantieri said in a statement.
Key Features of the RV11000 Vessel
- The vessel, named RV11000, is designed for seafloor mapping, coring and sampling, and remotely operated activities up to 11,000 meters deep
- The vessel will feature one of the largest battery installations ever fitted on a ship, enabling up to 12 hours of silent operations for scientific missions
- Delivery is expected in the first quarter of 2030
- The hull will be built in Tulcea, Romania, while outfitting, commissioning and delivery will be carried out in Norway
Financial Details
($1 = 0.8601 euros)
Reporting Credits
(Reporting by Mirko Miorelli in Gdansk, editing by Milla Nissi-Prussak)
