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 October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Henderson, Hanes & Associates Opens Doors in Miami

Ocean Engineering/ Naval Architecture Firm Brings Innovation to the Mega Yacht Community The Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc.

DOF Installer Sells Offshore Vessel

DOF Subsea AS subsidiary, DOF Installer ASA, reported the sale of one of its three sister ships, an anchor handling tug supply (AHTS) vessel, to an international buyer.

Scanjet Secures 30-ship Tank Management Order

Scanjet Group has followed up its Tank Management order from Stolt-Nielsen with a series of contracts for its ITAMA Intelligent Tank Management concept including Tankcleaning,

Shipbuilding

Henderson, Hanes & Associates Opens Doors in Miami

Ocean Engineering/ Naval Architecture Firm Brings Innovation to the Mega Yacht Community The Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc.

Austal Launches Trenton (JHSV 5)

Second Joint High Speed Vessel to be launched at Austal in 2014 On September 30, 2014, Austal USA successfully completed the launch process of Trenton (JHSV

Going Big for Sustainability

Orkot Marine Bearings, developed and manufactured by Trelleborg Sealing Solutions, contribute to the build of the world’s largest and most efficient containerships,

Ship Repair & Conversion

Henderson, Hanes & Associates Opens Doors in Miami

Ocean Engineering/ Naval Architecture Firm Brings Innovation to the Mega Yacht Community The Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc.

Scanjet Secures 30-ship Tank Management Order

Scanjet Group has followed up its Tank Management order from Stolt-Nielsen with a series of contracts for its ITAMA Intelligent Tank Management concept including Tankcleaning,

Industry Professionals to Speak at ShipConstructor Conference

The speakers representing various companies at next week's SSI Americas ShipConstructor User Conference, October 7-9, 2014 in Mobile, Alabama, demonstrate SSI's

Offshore

MOL Merges Group Companies; Upgrades Bridge Simulator

MOL adds DPS and enhances safe operation by integrating expertise through merger Mitsui O.S.K. Lines, Ltd. (MOL) announced the merger of MOL Marine Consulting, Ltd.

Swire Pacific Acquires 3rd L Class PSV

Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming and delivery of its third L Class PSV vessel, Pacific Legend in Kyoto,

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

People in the News

Swissco Doubles Rig Fleet

SGX Mainboard-listed Swissco Holdings Limited an integrated, international marine services provider, today announced having completed the acquisition of four additional mobile offshore drilling units,

Gazprom Constructs Sports Complex in Stavropol

Stavropol hosted today a groundbreaking ceremony of a versatile sports & recreation complex of Gazprom. The sports & recreation complex will include a 50 meter Olympic swimming pool,

Swire Pacific Acquires 3rd L Class PSV

Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming and delivery of its third L Class PSV vessel, Pacific Legend in Kyoto,

 
 
Maritime Contracts Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.3000 sec (3 req/sec)