Ulstein Verft Gets Two New PSV Orders

Ulstein announced today 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. All of them are at work in the North Sea, and have received excellent feedback.

“PX121 has become a success, and many such ships have now been constructed at our own and at external yards. It is gratifying to see that we succeed in our efforts to bring new products into the market,” comments CEO Gunvor Ulstein, continuing: “Our expertise is in developing new solutions within ship designs, system solutions and ship construction. Blue Ship Invest is an investment company within Ulstein Group, but as ship operation is not one of our focus areas, our plan is to sell these two vessels.”

Lower investment and operating costs

In the North Sea, these PSVs are considered medium-sized, and they have an optimum combination of fuel efficiency and deadweight. They have a capacity and performance that approaches those of larger PSVs. They can take on most of the tasks usually handled by slightly larger PSVs. Both investment cost and operating cost are lower.

Ulstein, February 24, 2014

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