Japanese government may subsidize cost for NEC to acquire 2 cable-laying vessels
NEC, a major Asian undersea cable group, could receive up to $500 million in Japanese government subsidies to purchase two specialized cable-laying ships, addressing national security and supply risks. The first vessel may launch by 2027, strengthening Japan’s digital infrastructure autonomy as global competition intensifies.
U.S. company wins R&D grant to pursue new products for its cable plant in Scotland
Oceaneering International will expand cable capabilities at its Rosyth, Scotland plant, supported by a €465,000 Scottish Enterprise grant. The project focuses on qualifying subsea power cables for floating offshore wind, positioning the company to extend its subsea expertise into renewables while supporting jobs and advanced manufacturing in Scotland.
JDR Cable Systems to test umbilical cables for use in Middle East offshore platforms
JDR Cable Systems has secured a service contract from Larsen & Toubro to test 14 offshore umbilical cables in the Middle East. Managed from its U.K. center, the project includes pre-deployment and integration testing, with full offshore support—reinforcing JDR’s technical strength and long-term regional focus.
Landmark electric grid project deploying cable from Nexans remains in gridlock
The Great Sea Interconnector faces major delays amid financing shortfalls, regulatory reversals, and missed investment commitments, despite a governmental handover to Greece’s IPTO and contractual engagement with Nexans. The project’s economic foundation remains fragile as stakeholders seek to secure viability across Europe’s strategic grid integration effort.
Prysmian pulls out of plan for U.S. subsea cable plant as new president takes office
Clean Energy Investment Faces Political Headwinds The Prysmian Group has ended plans to build a subsea power cable factory at Brayton Point in Somerset, Massachusetts. The $300 million project would have produced high-voltage cables to support the growing offshore wind industry in the United States. Local reports revealed that Prysmian announced the decision just two days before Donald Trump took office in January 2017. The company […]