Taihan acquired Korea’s only cable laying vessel

Tuesday, December 26 2023

Wind Energy – Cable-laying Vessel

Taihan from Seoul announced the acquisition of a 6,200-ton cable laying vessel.

Korea’s only CLV designed for offshore wind power, is equipped with advanced features such as self-propulsion and a dynamic positioning system (DP2). The vessel can load up to 4,400 tons of underwater cables at once. The ship was bought for approximately 50 billion won (USD 38.4 million).

This acquisition positions Taihan competitively in turn-key projects that span from submarine cable production to laying. As there are only a few cable manufacturers with cable-laying capabilities, Taihan is set to lead in the burgeoning offshore wind power industry globally.

Furthermore, the increasing demand for submarine cables is likely to cause a shortage of cable layers, leading to higher charter rates for such vessels.

Owning this vessel positions Taihan favourably to undertake projects steadily and tap into new revenue sources. A cable laying vessel is specifically designed for underwater cables. Therefore, it outperforms cable laying barges, or CLB, converted barges originally used for carrying cargo.

Capable of sailing at 9 knots on average under its own power, the CLV can transport and lay cables much faster that CLBs, which mostly rely on tugboats. This efficiency is especially beneficial for distant projects in regions like Europe and the Americas. The vessel also boasts high stability in rough seas and resistance to severe weather conditions.

In addition, a dynamic positioning system (DP2) mounted on the vessel automatically maintains its designated position for hours, allowing for precise cable installation and stable navigation. 

Taihan is planning to make full use of this vessel first for the Yeonggwang Nakwol Offshore Wind Power Project it recently won, and later, the Anma Offshore Wind Power Project.