Ulstein Reports Good 2012 Financial Result

Press Release
Thursday, April 25, 2013
Launching Seven Viking: Image credit Ulstein

Ulstein Group report an operating income of NOK 2.27 billion and an operating profit of NOK 228 million in their 2012 financial report.

*Operating income: NOK 2.27 billion (2011: NOK 2.06 billion)

*Operating profit: NOK 228.0 million (2011: NOK 253.7 million)

*Operating result before tax: NOK 211.4 million (2011: NOK 270.3 million)

“We deliver a good result in a demanding market thanks to our competent and hardworking employees and an organisation that provide for execution and delivery precision. The good collaboration we have with our customers and suppliers creates good and future-oriented solutions. The result will allow us to develop further, so that we can continue to develop innovative product and services to the maritime market,” says CEO of Ulstein Group, Gunvor Ulstein.

Good design result

The market for design and equipment packages was positive in 2012 and ULSTEIN signed contracts for the building of its designs with several shipyards worldwide, as well as with its own yard in Norway. At the end of the year Ulstein Design & Solutions had an order book of deliveries to 31 ships, 7 of which will be built by Ulstein Verft.



Advanced building projects

ULSTEIN delivered four advanced offshore vessels from its own yard in 2012; two seismic vessels and two platform supply vessels. In addition, the construction of the IMR vessel ‘Seven Viking’, delivered in January 2013, was a major project for Ulstein Verft last year. 
“High competence, extensive experience and focus on project management make deliveries of ships to agreed price, quality and time possible,” says Ulstein. 



Innovation

Innovation is a long-term priority for ULSTEIN, and in 2012 NOK 135 million was invested in research and development. Gunvor Ulstein underlines that ULSTEIN will continue to be a driving force within innovation: 
“Innovation is central to the development of products and services and the creation of new ones. Through close collaboration internally and with other maritime businesses, we will continue to create new and improved solutions that give added value to our customers.”



The future bridge
A major innovation project in 2012 was ULSTEIN BRIDGE VISION™. The project has developed a bridge for the future with a focus on better, safer sand simpler solutions. ULSTEIN BRIDGE VISION consists of many innovations developed with the end-user in mind, such as: Gesture-controlled infographics displayed on bridge windows; a system that automatically adapts to the individual user’s preferred setup; and a new breed of user-defined ergonomic work stations.



“We will continue to deliver quality and come up with competitive and sustainably efficient solutions,” ends the CEO. 



Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Maersk Line Names Hahnemann Chief HR Officer

On August 1, 2016, Ulf Hahnemann, current Vice President for Strategic Programs at Mars Inc. will join Maersk Line as Chief Human Resources Officer (CHRO) and be

American Waterways Operators Elects Chairman

The members of the American Waterways Operators, the national trade association representing the tugboat, towboat and barge industry, elected a new slate of leaders

Hanjin Shipping May Get OK for Restructuring

South Korea’s largest container operator by capacity Hanjin Shipping's creditors are expected to approve a corporate rehabilitation program for the struggling container line,

Finance

Pirates Switch to Kidnapping Crew as Oil Fetches Less

Pirate gangs in West Africa are switching to kidnapping sailors and demanding ransom rather than stealing oil cargoes as low oil prices have made crude harder to sell and less profitable,

Baltic Index Down for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday for the third straight session, as demand for bigger vessels weakened.

Kongsberg, DNV GL Partner to Reduce Training Costs

Kongsberg Maritime has entered a partnership with class society DNV GL to issue Product Certificates for Maritime Simulator Systems required by maritime training

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1193 sec (8 req/sec)