construction of an ULSTEIN P105 platform supply vessel, with an option for a further vessel of the same type. The vessel in order is worth around NOK 200 million. until April 2005. as the contract between Island Offshore IX KS and Ulstein Verft was signed. P105 design series, with the option for a second one. Bakkely and the Ulstein Loen family. Mekaniske Verksted Holding ASA. has operated one vessel. operating the new vessel from Ulstein Verft. exciting and important new partner for the shipyard. "The Island Offshore Group has local roots and has now chosen to invest locally. name.