Financial Ports

$113m wind cable deal: LS Marine smashes its own record

CLAVE 1 / 4LS Marine Solution has signed a $113m contract for subsea cable installation at the 390 MW Shinan Ui offshore wind project.

CLAVE 2 / 4The deal is the largest in the company’s history, equivalent to 64.2% of its latest annual sales.

CLAVE 3 / 4Work will run from September 2026 to September 2028, covering transportation, laying and burial of cables.

CLAVE 4 / 4The 390 MW project is the first phase of South Korea’s planned 8.2 GW Shinan offshore wind belt.

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