New Finance Manager at Ulstein Verft
Sindre Rotevatn (51) has been appointed finance manager and deputy managing director of Ulstein Verft AS. He will take up the position in November. “I am looking forward to joining ULSTEIN and to my new role as finance manager and deputy managing director of Ulstein Verft,” says Sindre Rotevatn. He comes from the position as Senior Vice President Business Process Improvement in Saferoad Group, where he previously held the position as CFO. Rotevatn also has several years of experience as finance manager in Ørsta-gruppen, Ørsta Stål and Møremøbler, in addition to experience from banking. Rotevatn also succeeds Sigurd Viseth as deputy managing director of Ulstein Verft.
Ulstein to Build PSVs for Remøy Shipping
Remøy Shipping has signed a contract with Ulstein Verft for two eco-friendly platform supply vessels (PSV) of ULSTEIN PX105 type designed by Ulstein Design with future oriented products and systems from Ulstein Elektro. The vessels are already set for long-term contracts with StatoilHydro upon completion. The vessels will be delivered in February and May 2011. A large number of the details in the newly developed ULSTEIN PX105 design are according to requirement specifications from StatoilHydro. The ULSTEIN PX105 design is 88.8 metres long and 19 metres wide, with a total output of 7600 eKW.
Polarcus Orders Six From Ulstein
Offshore shipowner Polarcus has ordered six new ships of Ulstein design. The Ulstein SX124-, Ulstein SX133- and Ulstein SX134-type vessels will be built at Drydocks World Dubai. Polarcus is committed to the environment and innovative solutions, and has done business with the Ulstein Group before. The two new designs, Ulstein SX133 and Ulstein SX134, are the first vessels with the Ulstein X-BOW to receive DNV’s ICE-1A class notation, which means they can operate in Arctic waters.
ULSTEIN Establishes New Subsidiary
ULSTEIN has recently established a new company, Ulstein IDEA Equipment Solutions. This company will take over the activities of former IDEA Heavy Equipment b.v, a Dutch company that ULSTEIN has cooperated with in recent years. Ulstein IDEA Equipment Solutions will be engaged in the development and manufacturing of mission and interface equipment on board vessels, mainly working in the offshore and dredging markets. ULSTEIN holds a majority interest in the new company and COO Tore Ulstein in Design & Solutions says that this establishment is part of ULSTEIN’s long-term strategy.
Ulstein Design to be Built by Merwede
Solstad Offshore ASA signed a Letter of Intent with Dutch Merwede Shipyard to build an Ulstein P105 platform supply vessel, which signed a contract with reservations with Ulstein Design AS regarding the delivery of a design and equipment package worth a total of more than NOK 70 million. "This is Ulstein Design's first contract outside the Ulstein Group and is very important for us," says Ulstein Design's President, Tore Ulstein. The first Ulstein P105 platform supply vessel was built in 2003, and earlier this year contracts were signed for two new construction projects and one option.
Ulstein Builds for Marine Subsea
Marine Subsea Inc. signed a contract with Ulstein Verft for building an offshore construction vessel specialized in inspection, maintenance and repair operations (IMR/OCV) of the ULSTEIN SX121 design from Ulstein Design. The value of the contract is about $154.6m. The ship will be delivered in 2010 and is the fourth vessel of the type ULSTEIN SX121 from Ulstein Design. The vessel will be yard number 287 at Ulstein Verft. Marine Subsea Inc. has previously contracted a similar vessel from Ulstein Verft for delivery in July 2009. ”We have great faith in the Ulstein Group and are very satisfied working with Ulstein so far. In a pressured market with many delays in both equipment and deliveries, it is important to have a good dialog with the shipyard.
Ulstein Implements Organizational Changes
Naming and organizational changes are underway in the Ulstein Group companies in the Netherlands. As of August 1, 2015, the ship design company Ulstein Sea of Solutions has been renamed Ulstein Design & Solutions BV (UDS BV), while the equipment company Ulstein Idea Equipment Solutions has been renamed Ulstein Equipment BV (UE BV). Edwin van Leeuwen and Gilbert Rezette enter positions as managing directors of the respective companies. Furthermore the holding company for the Ulstein…
Ulstein Design Wins Big in China
Bourbon has signed a contract with Zhejiang Shipbuilding Co. Ltd in China concerning the construction of four ULSTEIN P105 platform supply vessels. Ulstein Design AS will deliver the design and major equipment for the vessels. The contract has a total value of around NOK 350 million for Ulstein Design. The vessels will be delivered between September 2007 and September 2008. “This is a major and important breakthrough in the Chinese market for the Ulstein Group. China is a new arena for Ulstein Design, and we are very happy to be selling the designs and equipment for no less than four vessels when we enter this market,” says the president of Ulstein Design, Tore Ulstein. “The contracts are announced at a time when we are already very busy in the Ulstein Group.
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.
Britoil Enters the PSV Market with Ulstein Designs
Shipowner Britoil Offshore Services Pte Ltd. has entered into a contract of design and equipment packages for two platform supply vessels of the new PX121 design from Ulstein. The vessels will be constructed at Britoil’s own yard, P.T. Britoil Offshore Indonesia, on the island Batam. The X-BOW vessels will mark Britoil’s entry into the PSV market. Singapore based Britoil has a fleet of 40 vessels, mainly anchor handling tugs and barges. The company has more than 25 years of experience in ship services and transport.
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.
Island Offshore Orders PSV
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.
Ulstein Group Enters Letter of Intent with Sea of Solutions
A letter of intent was signed on the 5th of September 2007, in respect of the contemplated acquisition of a majority stake by the Ulstein Group in Netherlands based Sea of Solutions as per January 2008. The deal is subject to a positive outcome of the Due Diligence process. Managing director Tore Ulstein of Ulstein International pointed to the similarities between Sea of Solutions and the Ulstein Group, and Bob Rietveldt, commercial director of Sea of Solutions, said that joining the Ulstein Group will allow Sea of Solutions to grow. The Ulstein Group and Sea of Solutions are both part of strong national maritime clusters: Ulstein at Sunnmøre, Norway, and Sea of Solutions in the Dutch Maritime cluster.
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.
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.
Growing Ulstein Business In The Netherlands
A memorandum of understanding (MOU) was signed at 27 April 2011, which outlines the main principles of how Norwegian Ulstein Group and Netherlands based IDEA Heavy Equipment are joining forces. The companies have entered into an MOU which will lead to an operational business in the Netherlands by the first of July 2011. A new company will be established under the name “Ulstein IDEA Equipment Solutions b.v.” which combines ULSTEIN’s offshore vessel design, marine equipment packages…
Ulstein Design Wins Order for 12
Ulstein Design AS agreed with Guangdong Machinery Imp. & Exp. Co., Ltd. (GMG) to provide design services for 12 vessels of ULSTEIN A801 type. Ulstein Design has sold 60 ship designs since 2000. 25 are sold to Ulstein Verft in Norway. 35 are sold to shipyards in China, Spain, The Nederlands, Brazil and Dubai. “It has been a rewarding process to develop the ULSTEIN A801 design together with GMG, and we hope that this is the beginning of a lasting, productive cooperation,” says Ulstein Design market manager Ove Dimmen.
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.
Ulstein Enters the Yacht Market
The Ulstein Group has secured an order to build its first vessel within the yacht segment: Ulstein Verft has signed a contract to build a yacht for a private owner, one of the world’s biggest ship owners. "The customer wants the characteristic X-BOW from ULSTEIN, and together with Espen Øino, responsible for the exterior design and GA-plan, we have developed a solid yacht project," said managing director Kristian Sætre at Ulstein Verft. The yacht will be 88.5 meters long and 16.3 meters wide, and the marine platform and hull line design is developed by Ulstein Design & Solutions.
Island Constructor Launched
Photo courtesy: The Ulstein Group/Fuglefjellet. Island Constructor was launched recently at Ulstein Verft. “It is an impressive ship, and world-class innovation,” said Ulstein Verft project manager Runar Muren. The ship will be delivered to Island Offshore at the end of May. The vessel is first of the ULSTEIN S series, and she will be fitted with a large tower in order to carry out state-of-the-art well intervention offshore. The ULSTEIN SX121 is also the largest ULSTEIN X-BOW ship to date, measuring 120.2 m long and 25 m wide.
Ulstein delivers Acta Auriga before time
Acta Marine’s newbuild Walk to Work vessel Acta Auriga, was delivered from Ulstein Verft on 28 March 2018, three days before schedule. High quality and delivery precision were crucial when Acta Marine placed the order at Ulstein Verft. Already during the construction Acta Marine secured a charter with Ocean Breeze Energy to deploy Acta Auriga for logistical support and maintenance activities on BARD Offshore 1 400 MW wind farm. “This vessel will be the next level in the market and very well suited to operate in the offshore, and specifically the renewable market.
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…
Eastern Echo Builds Seismic Ships
The newly formed, Dubai-based shipping company Eastern Echo is building four ships of the Ulstein SX124 design. These will be the first seismic vessels of Ulstein design and will be built with the Ulstein X-BOW. In total, five shipowners have chosen this new bow concept. ”Ulstein Design is a young ship design company that has gained much interest worldwide. The contracts with Eastern Echo are important for Ulstein Design, as their portfolio also will cover the seismic area. The engineering department of Ulstein Verft are busy in the development of the project, and for Ulstein Elektro these contracts are all-time highest. The international focus in Ulstein Design is thus important for the Ulstein Group in total, says deputy CEO, Tore Ulstein.