LS Marine Solution said on the 1st that a "steel cutting" ceremony marking the start of construction of its next-generation submarine cable-laying vessel was held at the Tersan shipyard in Türkiye. With this, LS Marine Solution secured two dedicated cable-laying vessels capable of carrying out the West Sea HVDC project, together with the existing cable-layer GL2030.
LS Marine Solution released its investment plan for the vessel in May last year. In August last year, LS Marine Solution raised 417.9 billion won through a paid-in capital increase to fund construction of the new cable-layer, and then completed design and production preparations.
The vessel is being built for delivery in the first half of 2028 and is a dedicated cable-layer optimized for long-distance, large-scale submarine cable installation such as high-voltage direct current (HVDC) and offshore wind power grids. It can load 13,000 tons of cable, enabling installation of long sections in a single run. By reducing the number of departures and cable joints, construction efficiency and stability can be improved, LS Marine Solution said.
In addition, LS Marine Solution plans to accelerate its push into the U.S. and European markets through turnkey projects that link local production with submarine installation when U.S.-based submarine cable manufacturing subsidiary LS Green Link begins commercial production in 2028.
An LS Marine Solution company official said, "With Haesong 3 offshore wind power recently selected as the final winner in the offshore wind fixed-price contract bid, participation by LS Marine Solution, the preferred bidder for submarine cable installation, is also anticipated," and added, "Based on the new cable-layer, we plan to continue expanding our participation in offshore wind projects at home and abroad."