Nov Inc climbs on contract to design offshore wind installation vessels

Cadeler A/S

24/08/2021 15:21

** Shares of energy equipment supplier  NOV.N  up 3.8% at
$13.06
    ** NOV on Monday announced a contract to design and equip
two offshore wind installation vessels for Cadeler  CADLR.OL 
 urn:newsml:reuters.com:*:nBwc7YT6Qa
    ** NOV to supply two "GustoMSC NG-20000X" self-propelled
wind turbine installation jack-up vessel designs, which will be
known as the Cadeler X-Class
    ** NOV says new X-Class jack-up vessels will have the
largest jacking capacity in the industry
    ** In addition, NOV will supply the jacking system that
lifts the vessel and cargo above the waterline to safely install
wind turbines
    ** NOV is down 4.7% so far this year 

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))