Brief: Cadeler Announces Contract Signing With NOV

Cadeler A/S

18/12/2020 07:05

Dec 18 (Reuters) - Cadeler A/S  CADLR.OL :
    * CADELER A/S ANNOUNCES CONTRACT SIGNING WITH NOV TO REPLACE
CRANE
ON VESSEL
    * CONTRACT SIGNING WITH NOV TO REPLACE CRANE ON VESSEL WIND
ORCA
AND AN OPTION TO REPLACE CRANE ON VESSEL WIND OSPREY.
    * - HAS ALSO SECURED AN OPTION IN CONTRACT TO REPLACE CRANE
ON
VESSEL WIND OSPREY
    * TOTAL SUM OF CONTRACT FOR REPLACEMENT OF BOTH CRANES IS
102
MILLION USD
    * COST WILL BE FINANCED BY COMPANY'S AVAILABLE CASH AND
CASHFLOW,
OVER YEARS FROM 2021 TO 2024
    * REPLACEMENT OF CRANE ON VESSEL WIND ORCA IS EXPECTED TO BE
INITIATED IN OCTOBER 2023 WITH COMPLETION IN MARCH 2024

Source text for Eikon:  ID:nObibhnTla 
Further company coverage:  CADLR.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))