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Koninklijke Boskalis Westminster NV And Volkerwessels Establish Offshore Cable Installation Joint Venture


Wednesday, 20 Nov 2013 02:00am EST 

Koninklijke Boskalis Westminster NV and Royal Volker Wessels Stevin N.V announced that they have combined their forces in the field of offshore cable installation by establishing a 50/50 joint venture. The joint venture creates a party combining know-how and equipment allowing it to respond effectively to growth in the market for offshore cable installation projects, particularly in relation to offshore wind farms. Boskalis and VolkerWessels each hold a 50% stake in the joint venture Visser & Smit Marine Contracting Holding B.V. (VSMC) through Boskalis Offshore Subsea Contracting B.V. and VWS Civil and Offshore Constructions B.V., respectively. VSMC will have two cable-laying vessels at its disposal, the Stemat Spirit and Ndurance. The Ndurance is expected to be delivered at the end of this year. Both vessels are fitted with DP class 2 equipment with a cable turntable capacity of around 5,000 tonnes. 

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24 Apr 2015