Idar Ulstein Passes Away

press release
Monday, April 30, 2012
Idar Ulstein

Idar Ulstein, that was CEO and Chairman of the board of ULSTEIN for many years, passed away Sunday night. He has played a huge role for the maritime industry and has been deeply involved in community development.

 

Idar Ulstein entered the company first as a 14 year old in 1948, when his father died. After completing naval architect studies in 1962, he reentered the company as head of design. The company was growing, and when Molde yard was purchased in 1964, Idar became manager of the new companies. In 1974, after the merger with Hatlø mechanical workshop, he became CEO of Ulstein Hatlø. In 1985, the holding company Ulstein Holding was founded and Idar became CEO. In 2007 he resigned as CEO and became chairman. He was chairman until summer 2011.

 

Idar developed a relatively small company to a large international group, which at the end of the 1990s had 4,500 employees in more than 30 countries. The company, which started business with insertion of engines and repair of fishing boats, eventually, developed their own ship design, divided into series. Equipment and equipment packages were also an important part of the activities. The company was listed on the stock exchange in 1997, and all activities except for shipbuilding, was acquired by Vickers and later Rolls-Royce in 1999. Idar continued as chairman of the new Ulstein Group, and two of his children became managers. The company of today employs about 800 employees in several countries and has activities within shipbuilding, design and solutions, power and control and shipping.

 

Idar Ulstein has throughout the years received several awards for his dedication and work. He was among other things appointed “Ridder av 1.klasse av St.Olavs orden” in1994 and has received both the Farmand price and Export price. In 2010 he also achieved the "Lifetime Achievement Award" from Offshore Support Journal for his commitment and longstanding efforts for the maritime industry. Idar had cancer and died peacefully with his family around him at the age of 78. He leaves behind him a wife, five children and nine grandchildren.
 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ASA Mission Statement Revised to Expand Reach

The American Salvage Association has revised its mission statement to increase its area of influence beyond North America, complemented by a new logo that reflects the expanded direction.

New Chemical Handling Service from Ferguson Group

Tank, Fluid Solutions and Bunded Storage for Dangerous Goods and Chemicals Introduced at Gap Ridge, Karratha.    Ferguson Group Australia, global specialist in offshore DNV 2.

BP Freezes Pay in 2015 to Cut Costs

BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices.   Over the past year,

Shipbuilding

Huisman Cranes for New Maersk Subsea Support Vessels

In December 2014, Huisman secured a contract from COSCO (Dalian) Shipyard for the delivery of four customized 400mt Rope Luffing Knuckle Boom Cranes and two 100mt

Coast Guard Cutter William Trump Commissioned

The Coast Guard Cutter William Trump was commissioned during a ceremony at Coast Guard Sector Key West Saturday Jan. 24, 2015. The Trump is the 11th fast response cutter in the Coast Guard fleet.

World's Largest Ship Sparks Outrage

Jewish groups in the Netherlands and Britain have reacted with rage and despair at the arrival in Rotterdam of the world's biggest ship, the Pieter Schelte, named

Ship Repair & Conversion

The 2nd Ballast Water Management Summit

Sign-up for this year’s most in-depth exchange of information and best venue for BWT stakeholders to network and meet their regulatory peers is underway.   Infocast’s

Zamakona Refits Vessels VOS HERA & HADES

The Zamakona Yards in Pasajes has successfully finished the works carried o t in the vessels VOS HADES and VOS HERA that belong to the Company Vroon Offshore Services UK.

Arab Shipping Firm Orders 2,000 New Reefer Containers

Container shipping line United Arab Shipping Company (UASC) has ordered 2,000 reefer containers from Daikin.  As part of the emerging global carrier’s investment in the cutting-edge,

Offshore

New Chemical Handling Service from Ferguson Group

Tank, Fluid Solutions and Bunded Storage for Dangerous Goods and Chemicals Introduced at Gap Ridge, Karratha.    Ferguson Group Australia, global specialist in offshore DNV 2.

InterMoor Completes Juniper Mooring Installation Contract

InterMoor has completed a mooring and foundation installation campaign for bpTT’s Juniper gas project offshore Trinidad and Tobago, reportedly the largest foundation

Boost for Offshore Wind Energy

As part of President Obama’s Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, Secretary of the Interior

People in the News

The 2nd Ballast Water Management Summit

Sign-up for this year’s most in-depth exchange of information and best venue for BWT stakeholders to network and meet their regulatory peers is underway.   Infocast’s

Metcalf to Succeed Cox at CSA Helm

Kathy J. Metcalf will assume the role of president and CEO of the Chamber of Shipping of America (CSA), succeeding Joseph J. Cox, who will retire on May 31, 2015,

26-year Jail Term Sought for Concordia Master

An Italian prosecutor asked a court on Monday to sentence the captain of the Costa Concordia cruise liner to more than 26 years in jail for his role in the 2012 disaster that killed 32 people.

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.4009 sec (2 req/sec)