Boskalis, Volker Wessels Plans for Cable Installation Works

By Finance

Royal Boskalis Westminster N.V. and Royal Volker Wessels Stevin N.V. have plans to work together in the cable installation business. The 2 companies will have 50% share in Visser & Smit Marine Contracting Holding B.V. which will be renamed to VSMC.
The plans of the new joint venture is to strengthen its position on the market for offshore cable installation works(for example - wind farms). It is not the first project of the 2 companies, they work on a project basis.
The collaboration will give access of VSMC to 2 cable-laying ships, the Stemat Spirit and the Ndurance. In the past Boskalis and VSMC worked on the Trenchformer, a multi-purpose cable trencher developed to work with many different types of soil and cables. The trencher was built to bury cables in water depths of up to 400 meters.