Ulstein Group Awarded Academic's Union Gold
Norway's Tekna (Technical and Scientific Association) awards its gold medal to Ulstein Group for creating opportunities in technology. Gunvor Ulstein, CEO of Ulstein Group, received Tekna’s Gold Medal at a recent ceremony. The medal is given as an honour and encouragement to Norwegian managers or companies for outstanding efforts in creating new opportunities for Norwegian technologists, both in Norway and internationally. It was last awarded in 2008. Gunvor Ulstein thanked Tekna by sharing the honour with all employees in Ulstein: “Together with all our talented employees…
Ulstein Reports Improved 2013 Results
Ulstein Group reported it delivered a good result for 2013 with an operating income of NOK 2.3 billion compared to 2012’s result of NOK 2.27 billion. Similarly, Ulstein’s operating profits improved in 2013 to NOK 317.8 million from NOK 228 million in 2012. The group’s operating result before tax was NOK 360.8 million, compared to NOK 211.4 million in 2012. Ulstein said it currently has more than 40 vessels in order, of which six to be built at its own yard, while the rest are being built at several shipyards worldwide. At the end of 2013, Ulstein Group had an order reserve of NOK 2.6 billion.
PSV Delivered by Ulstein Verft
Ulstein delivers second PX121 Platform Supply Vessel (PSV) 'Blue Prosper' to Blue Ship Invest. “This project has flowed really well, and we’ve been able to draw on the experiences we made when building the first vessel in this series, ‘Blue Fighter’, says Karsten Sævik, Managing Director of Ulstein Verft. “The vessels were ordered based on market trends showing a future increase in demand for this type of PSV. ‘Blue Prosper’ will enter the North Sea spot market under the management of Remøy Shipping…
Ulstein Systems Ordered for New Rock Installers
Ulstein Power & Control announced it has been contracted by Chinese shipbuilder AVIC Weihai Shipyard Co. Ltd. to deliver power and control for two subsea rock installation vessels for offshore dredging and construction specialist Jan De Nul Group. According to Ulstein Power & Control, the scope of its delivery includes the power package consisting of generators, switchboards, motor control center, thruster frequency converters and motors, the automation system ULSTEIN IAS, DP system and thruster control, as well as the commissioning. Ulstein will deliver the products and systems in 2016.
Ulstein Group Records Operating Loss of $11.5M
In 2015, Ulstein Group recorded revenues of $279.4 million and an operating loss of $11.5 million. The business areas Design & Solutions and Power & Control both recorded profits. The downturn in the offshore sector and a tricky market has to be met with adaptation and innovation, according to CEO Gunvor Ulstein. ‘These are tough times. The group’s results for 2015 were weak as a result of lower utilization of capacity and the generally challenging market situation in our business areas. We believe 2016 will also be a challenging year.
ULSTEIN Sells To Island Offshore
Ulstein Verft has sold the construction vessel Karianne of SX121 type design to Island Offshore. The vessel was completed on time from ULSTEIN in the fourth quarter of 2010. The vessel was originally contracted by the shipping company Marine Subsea, which could not to take delivery of her after completion. CEO Gunvor Ulstein says she is very pleased that this advanced construction vessel will be in the hands of an experienced and established shipping company. - More and more oil installations are now seabed facilities, and we’re seeing an increasing demand for subsea and construction vessels.
Successful Opening Weekend for Ulstein Expo
ULSTEIN’s new company exhibition, ULSTEIN EXPO, opened its doors to the public this past Friday, June 17. The opening was a success, with hundreds of visitors during Friday night and Saturday. Additionally, several groups have already booked guided tours of the exhibition in the coming months. “We are very happy with the turnout at the opening weekend, and we hope that the exhibition will become a popular attraction for people in and visitors to Ulstein and the region," says Gunvor Ulstein, CEO of Ulstein Group.
Good Results For Ulstein
Ulstein Group did well in 2010 with NOK 2.4 billion in operating income and an operating profit of NOK 354 million. ”We have a solid organisation of competent employees with a strong focus on delivery precision. Through good project management, we have achieved the goals set within our main business areas. This provides a good foundation for the continued building of a robust company”, says CEO Gunvor Ulstein. ULSTEIN has made several strategic investments within the design and solutions area in recent years, and the area delivers solid profit results also for 2010.
Ulstein Reports Good 2012 Financial Result
Ulstein Group report an operating income of NOK 2.27 billion and an operating profit of NOK 228 million in their 2012 financial report. “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.
ULSTEIN Sells 100th X-BOW Design
With the latest contract for two offshore wind service vessels for Bernhard Schulte/WINDEA Offshore, ULSTEIN has achieved 100 sales of the X-BOW hull line design. The milestone was achieved 10 years after the launch of the X-BOW design in 2005. Following the sales to Bourbon Offshore Norway of the second and third ship designs featuring X-BOW, Group CEO Gunvor Ulstein was asked by the media whether the hull design was now a success. "Come back when we've sold 100," Gunvor said in reply. "We can now see that X-BOW has been a huge success in the more recent history of ULSTEIN.
Ulstein Delivers Fourth PSV in PX121 Series
Ulstein Verft delivered Blue Thunder, the fourth of six medium-sized platform supply vessels of the PX121 design from Ulsteinto Blue Ship Invest, on Monday, May 13, 2013. Owned by Blue Ship Invest, a wholly-owned company in Ulstein Group, the platform supply vessel (PSV) is commercially and technically under the management of Atlantic Offshore. Blue Thunder will enter a four-month contract with Statoil, with four monthly options. “This ship also enters into a contract for work in the North Sea…
Two PSV Build Contracts for Ulstein Verft
On February 24, ULSTEIN announced the shipbuilding contracts for two new platform supply vessels (PSVs) for Blue Ship Invest. The vessels are of the PX121 design and are scheduled for delivery from Ulstein Verft Q1 2015. Ulstein Verft currently has seven vessels on order. In total, ULSTEIN has sold 20 designs of the PX121 design, and the two new vessels will be number nine and ten of this design type to be constructed at Ulstein Verft. The first six of these types of vessels were delivered from Ulstein Verft during 2012-13.
Ulstein Increasing US Focus
Approximately 100,000 people will attend the Offshore Tecnhology Conference (OTC) in Houston this week where Ulstein is among roughly 80 Norwegian companies that are included. “U.S.A. is an increasingly important area of growth, and we see the importance of being present,” said Ulstein’s CEO, Gunvor Ulstein. Several Ulstein designed vessels are working in the Gulf of Mexico with Galveston as port. A N.Y. listed shipowner recently bought eight platform supply vessels from Ulstein. And Ulstein was recently contracted to design their first vessel to be constructed in U.S.
Ulstein Sells All Six Blue Ship PSVs
Newly-established offshore shipping company Nordic American Offshore (NAO) has agreed to acquire six platform supply vessels from Blue Ship Invest ( BSI ). The vessels are of the PX121 type, and were designed and constructed by Ulstein in 2012-13. NAO has its source from the international tanker company Nordic American Tankers (NAT). Gunvor Ulstein, CEO, Ulstein Group, said, “We invested in these ships because we wanted to introduce new products with flexible and first-class innovative solutions to the market.
X-STERN Wins ‘Next Generation Ship Award’
The X-STERN solution from Ulstein was awarded the Next Generation Ship Award at the Nor-Shipping opening conference on June 2. Innovative ship design is the main criteria in the awarding of this prize. “Innovation is at the core of what we do, and we are truly delighted to receive this recognition,” comments Gunvor Ulstein, CEO of Ulstein Group. “The offshore industry is experiencing a downturn and eventually oil and gas supplies will come to an end. Tore Ulstein, Deputy CEO and Head of Market and Innovation…
Blue Ship Opts for Another 4 Ulstein PSVs
Market trends and very good feedback from the first ship in operation triggers Blue Ship Invest to contract another four platform supply vessels (PSVs) of the PX121 design from ULSTEIN. All four are scheduled for delivery in 2013. The investment company Blue Ship Invest received its first vessel, ‘Blue Fighter’, from Ulstein Verft in January this year, and will receive the second vessel in Q3. “’Blue Fighter’ has been working for the oil company Apache for several months, and we have received very good feedback from Remøy Shipping, who manages the vessel on our behalf.
Golden Energy Offshore Selects Ulstein PSVs
Golden Energy Offshore has entered into a shipbuilding contract with Nantong Rainbow Offshore & Engineering Equipments Co., Ltd. (ROC) in China for the construction of two Platform Supply Vessels (PSVs) of the PX121H design from Ulstein, with the option to build two more vessels of the same design. The two confirmed vessels are due for delivery from yard in Q1 and Q2 of 2016. The vessels of the PX121H design are customized with an extra deck. They have an overall length of 83.4 meters and a beam of 18 meters and a deadweight (dwt) of 4,000 metric tons.
Bourbon AHTS Capsizes off Shetland Islands
The Anchor Handling Tug Supply (AHTS) Bourbon Dolphin, operated by Bourbon Offshore Norway, capsized 75 nautical miles off of Shetland Islands with 15 people on board. The Shetland Coast Guard rescued ten members of the crew after an operation involving a coastguard rescue helicopter and three vessels. Three Norwegian crewmembers were confirmed dead while rescue efforts continued for the other crewmembers. According to Shipping Times, there is speculation as to what could have happened to the vessel. It was reported that the vessel was handling an anchor for the rig Transocean Rather at the time and the anchor may have slipped, making the vessel unstable. Bourbon Offshore is continuing rescue missions and will conduct a press conference from the Norway office.
Rescue Ship Idar Ulstein Named in Norway
The search and rescue boat Idar Ulstein was named in Ulsteinvik today, becoming the latest newbuild to join the fleet of the Norwegian Society for Sea Rescue. RS Idar Ulstein is also the first vessel in the new Ulstein class, named after ULSTEIN’s long-time CEO. The new vessel Idar Ulstein was named by lady sponsor Gunvor Ulstein in a ceremony in Ulsteinvik. The 22-meter rescue vessel employs powerful twin engines and a water jet to achieve large bollard pull and reach top speeds near 40 knots. “Short response time is essential to saving lives at sea.
Island Ventures Orders Two Ulstein Vessels, First in U.S.
Edison Chouest Offshore and Island Offshore are ordering two new OCV vessels through the company Island Ventures II LLC. One vessel will be built at Ulstein Verft, Norway, and the other in the United States. Ulstein Verft has been contracted to build a new offshore construction vessel of the Ulstein SX165 design. This will be the largest vessel built at the yard so far, as well as its largest single shipbuilding contract. The vessel is scheduled for delivery Q3 2015. “We are very…
ULSTEIN Reports ‘Good Results’ for 2014
Ulstein Group said it achieved a “good result” for 2014, with an operating turnover of NOK 2.7 billion compared to 2013’s NOK 2.3 billion. Meanwhile, the group’s operating profit of NOK 184.1 million comes in under the NOK 317.8 million operating profit for 2013, while the 2014 operating result before tax of NOK 167.7 million is again lower than NOK 360.8 million for 2013. “We are pleased with last year’s figures. Today’s market is tough, and we are preparing for even harder times to come. There will be major demand for restructuring and change,” said CEO Gunvor Ulstein.
ULSTEIN to Build 2 Offshore Wind Service Vessels
Ulstein Verft has signed a shipbuilding contract with the Germany-based Bernhard Schulte for two service operation vessels (SOVs) of the ULSTEIN SX175 design developed by Ulstein Design & Solutions. The final detailed arrangements and equipment for the vessels have been developed and specified in cooperation with WINDEA Offshore GmbH & Co. KG, which is the Bernhard Schulte’s affiliate for offshore wind projects. “Delivery schedule reliability was our number one priority when choosing the ship yard. We considered several yards worldwide, but Ulstein Verft was our final choice.
World’s Largest Hybrid Vessel Ordered
Norwegian ferry operator Color Line and shipbuilder Ulstein Verft have signed a Letter of Intent (LOI) for the construction of what will reportedly become the largest hybrid vessel in the world, a 160-meter-long passenger ferry. The Fosen-designed ferry will be a plug-in hybrid with batteries able to be recharged via a power cable with electricity from their own shore facilities or recharged on board by the ship's generators. The new vessel (with the working name Color Hybrid)…