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TODAY NEWSLETTER FROM ULSTEIN  NO. 2 2008 NEW ACCOMMODATION PROFILE SHIP OF THE YEAR 2008 INNOVATION IN DESIGN CLUSTER EFFECT

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TODAYNEWSLETTER FROMULSTEIN NO. 2 2008

NEW ACCOMMODATION PROFILESHIP OF THE YEAR 2008

INNOVATION IN DESIGNCLUSTER EFFECT

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The Ulstein Group’s departments in Norwayare providing staff between the ages of62 and 67 offers in order to keep them inemployment.

“Senior employees represent an importantresource that we wish to hold on to for aslong as possible,” says Ulstein Verft HRmanager Anne Holstad.

The following alternative initiatives areoffered to employees after they turn 62:• One day off per week with full pay• Two extra vacation weeks with full pay• Salary increases equivalent to

two weeks’ pay

“We are offering these initiatives in order toprovide senior employees a gradual transition

from an active career to retirement. Ttransition can come abruptly for all painvolved,” says Holstad.

She also acknowledges another reasothat the group wishes to motivate stafstay in employment longer: “We needcompetence. It is not necessarily that to replace.”

The Ulstein Group has protable growth,internationalisation and innovation as its centralstrategies. Over the past year we have focusedstrongly on these areas, but it isn’t enough to just have admirable goals, strategies and plansof action. We must also have employees with adesire to help achieve the goals we set. Ouremployees are our most important resource,the very foundation on which our company willbuild its future. We are happy to say that wehave highly skilled employees dedicated tomaking improvements and creative newsolutions for products and services.

In the Ulstein Group we have a strong belief inthe delivery of design, engineering services andequipment packages. In the offshore marketwe’ve had success already offering ourcustomers integrated solutions. In the future itwill be important for us to apply our offshoresector competence to other market segmentsfor both existing and new customers. Heavyoffshore is a new segment for us, and theacquisition of the Dutch design company Seaof Solutions (now Ulstein Sea of Solutions)has given us further access to a cluster in theNetherlands that has great expertise inoffshore drilling and crane ships. We havehigh expectations that this will open newpossibilities for us internationally.

We are also continuing our c ommitment toshort sea shipping with, for example, chemicaltankers and container vessels. There is political

will and environmental interest within both theEU and Norway to shift more transport fromland to the sea. We are working on manyexciting projects within this segment, and theULSTEIN X-BOW ® is of course a major part of this.

Many unexplored oil and gas elds are locatedin areas that aren’t easily accessible – some ofwhich are politically challenging and others inArctic areas where birds and other wildlife arevulnerable. Very strict demands will be placedon protection and technological competencein order to avoid causing environmental harm.This is a major focus of our designs andintegrated solutions. When eld developmentin the Arctic region commences, we’ll be ableto offer our products and solutions with a highdegree of technological content andenvironmental focus.

In order to collaborate creatively with ourcustomers, it is important to have a proximity tothe end product and their users. Shipbuildingwill therefore continue to be a part of our coreactivities. We will maintain and further developour production capacity in order to continuegrowing in other parts of the value chain.

With our strong and continually improvingsystem expertise, solid engineeringcompetence, knowledge of conceptual andbasic design, we can offer our customersexpertise on – and insight into – the vesselsand needs of the future.

Valuable competenceBjørn Walaunet (left) and Idar Yksnøy have accepted the Ulstein Group’s alternative offer to a collective agreement pension.

Here they are together with human resources manager Anne Holstad.

OlympicIntervention IV

Innovationin design

Global 1200– birth of a project

Island Constructor,Ship of theyear 2008

“A good,all-round additionto our eet”

The cluster effect

A newaccommodationprole

Responsibleexploration

Vessels for the future

FRONT PAGE Island Constructor,ULSTEIN SX121 ULSTEIN TODAY NO 2 2008 PUBLISHED BY UMVH ASA, NO-6067 Ulsteinvik,Tel: +47 7000 8000, www.ulsteingroup.comEDITOR Lene Trude SolheimEditorial Tonje Alvestad, Tonje Ø. Ruud, Frode RabbevågPRODUCTION PromeraPRINTED AT ViketrykkPHOTOS/ ILLUSTRATIONS Ulstein,Tony Hall, Fuglefjellet, Per Eide, Marie Flatin, John H. Mork

The rst of sixULSTEIN X-BOW ® vesselsordered by WesternGeco was launched fromthe Barreras shipyard in Vigo, Spain onTuesday, 3 June. The Barreras yard will buildfour vessels ofULSTEIN SX124 design fromUlstein Design.

This is the rst of 18ULSTEIN X-BOW ® vessels being built outside of Norway, atyards in China, Spain and Dubai.WesternGeco also has two vessels of thesame design currently under constructionat Drydocks World in Dubai.

”We have been informed by the shipownerthat the vessel was successfully launched fromthe slipway to the sea,” says Ulstein Designproject manager Mikal Marø Warholm, who is

looking forward to the launching of thesecond foreign-built vessel in the near future.

“WesternGeco is a professional shipownerand a world-leading seismic company, andthey have adapted the ship based on theirexperience. The shipyard has done a ne job,and has informed us that theULSTEIN X-BOW ® is an easy build,” Warholm says.

First foreign-builtULSTEIN X-BOW ® vessel launched

New ofcein OsloThe Ulstein Group is now alsosituated in Oslo, Norway. The newcompany Ulstein Marine Services islocated in Drammensveien, Oslo.Jens Lassen is managing director of

the new company, and with him areJan Erik Granholdt as deputy managidirector and Geir Erik Samnøy astechnical director.

CONTENTS TH E ULSTEIN GROUP

GUNVOR ULSTEINCEO Ulstein Group

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Bob Rietveldt is a naval architect withsupplemental educational background instrategic marketing. He worked for manyyears at Gusto Engineering, at that time partof the IHC Caland Group. Much of his workinvolved engineering of heavy lift vessels,pipelay vessels and FPSOs (FloatingProduction, Storage and Ofoading) forclients worldwide.

“I started USOS together with my former

colleague Jeroen Lusthof, followed later byEdwin van Leeuwen and Bram Lambregts.We were four highly experienced engineerswith a desire for innovation, and I see thatthe combination of design experience andmarketing skills has been a successful strategyin the development and positioning of thenew company. Now being part of a group ofcompanies can be detrimental to innovation,”says Bob Rietveldt managing director USOS.

“After seven good years as an independent

company, why did you choose to join acorporation like the Ulstein Group?”“We wanted to grow, but it is hard ndingqualied personnel. We had two options,one being to buy out a customer or businesspartner and in that way increase the numberof employees. However, growing too bigwould make us a commonplace engineeringcompany and undermine our innovativemarket position,” says Rietveldt.

“The second option was to become part of alarger company. We see that Ulstein sharesour philosophy, enabling us to continue ourinnovation and design activities.”

“Before, we could only provide consept andbasic design services”. Through Ulstein we canoffer customers more detailed design, systemintegration and construction management,and we can offer the entire equipmentpackage in combination with the design.This is a service that enables our customers to

build ships worldwide under complete Ulsteinsupervision. All the customer has to do is nda shipyard, and we’ll do the rest. On the otherside the customer still has the possibility to getonly the concept and basic design of thevessel and arrange everything else on his own.Either way, the owner is completely free in itschoice for equipment and shipyard. We knowhow things work and what to ask for, andprovide this input to our customers,”says Rietveldt.

“Customers like this interaction. They want todo what they know best – heavy constructionand drilling operations – but they do not haveemployees who can develop ships for thispurpose. For that, they want a dependableand reputable partner. Our ships are notcheap, therefore it is good to know that withinvestments of up to USD 300 million andsometimes beyond, the client gets atailor-made quality product that can be putstraight to work,” he ends.

In March 2001 Bob Rietveldt and Jeroen Lusthof founded the Dutch design companySea of Solutions, which today has t hirteen employees. In January this year the

majority of the shares was bought by the Ulstein Group, and Ulstein Sea of Solutions (USOS)is now helping to expand the group’s portfolio.

Innovationin design

Based just outside Rotterdathe Netherlands, Ulstein SeSolutions (USOS) – the newcompany in the Ulstein G ro– is located right in the midof a comprehensive cluster companies building largeoffshore vessels.

“We are very centrally located. Most main components for ships we designprovided by suppliers within 50 kilomour ofce. One of the four principal suof heavy-lift cranes in the world, HuisItrec, is just ve minutes away from oand electrical and automation giant Imonly ten minutes away. Up to 80% of project values we create comes from tmaritime cluster, which is one of the rwe were honoured with the Dutch IndMarketing Award 2008,” says USOSmarketing and sales engineer Nick We

“The companies work as a team to prthe best results for customers: USOS few more or less standard designs, budesign we sell is custom made. We dorepeat any of our designs. This requirmain suppliers to work closely and inwith us. In many of our projects the csupplier is the most important main suAs such when a company contracts usits design company, they already contcrane suppliers at the same time,” saynaval architect Marjolein van Dijk.

“Project managers from USOS and thsupplier chosen by the client work clotogether in developing the project.Furthermore we receive continuous uon the newest developments in the miequipment market and whether or notthings are feasible. We developed a pwith Huisman-Itrec for a heavy lift vea mast crane that can lift 5,000 metricBy comparison, the world’s largest mtill now has a lifting capacity of 3,000tonnes,” she ends.

Close-knitcluster

Bob Rietveldt, managing director USOS (left)and Tore Ulstein, deputy CEO in the UlsteinGroup sign the nal agreement betweenthe companies.

Borealis, SOC 5000 class, is a heavy lift cranevessel designed by Ulstein Sea of Solutionsfor Nordic Heavy Lift.

Naval architect Marjolein van Dijk (right) Ulstein Sea of Solutions cooperates closelywith suppliers in the dutch maritime clustehere talking to Annemarie van Weerdenfrom Huisman-Itrec.

ULSTEIN SEA OF SOLUTIONS

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Global Industries, a major US offshorecontractor, is one of the clients that foundits way to the Dutch based design companyand currently has two pipelay/derrick vesselsunder construction at Keppel Singmarine,Singapore. Both vessels are customizedversions of the SOC 600 design of USOS.

Larry McClure, engineering manager withGlobal Industries, and Bob Rietveldt, founderand managing director of USOS, tell abouthow the two projects have materialized fromthe beginning up to now. A story in itself.

Based on the initial operational requirementsfrom Global Industries USOS started workingearly 2005 on customizing two concepts forGlobal Industries based on two differentin-house designs, the SOC 600 and SOC 2000.In this way the design company provided two

options that Global could choose from.

However, Global decided to proceed withboth designs, then named Global 800 andGlobal 3000, the gures indicating the liftingcapacity of the main crane. The latter was ahigh productive and deepwater pipelay vesselfor which USOS made a full basic design as ithad priority above the Global 800.

As Global 3000 had priority, some work had

commenced on the basic design of theGlobal 800, which had the main crane onstarboard side. Then USOS was asked tocustomize the SOC 600 into a pipelay/derrickvessel with the main crane at the centre lineand preferably with a 1500 ton liftingcapacity. “However, as the vessel had to bePanamax size, we could stretch the designonly up to 1200 tons as the maximum liftingcapacity,” says Bob Rietveldt.

In 2006, before the Basic Design work hadnished, Global already started tenderingwith shipyards and main equipment suppliersfor the construction of two vessels. WhenGlobal was close to signing a shipyardcontract in Autumn 2006 changes tookplace which postponed the shipyard awardas was the basic design work.

However, market prospects were still goodand even getting better and in Spring 2007the project was revived and Global wentback to the market to tender for bothvessels. “In the mean time we re-startedthe engineering and could incorporate allpreferred equipment already purchased byGlobal in the basic design,” tells Rietveldt.McClure adds that when nal Class approvalwas obtained, the contract with KeppelSingmarine in Singapore could be concluded

in the summer of 2007 for the rst vessel(Global 1200) with an option for a secondone. May 2008 the second vessel wascontracted as well. Named the Global 1201the vessel will be a sister ship, but it certainlywill have different features. “And that is nota one ton difference in lifting capacity,”says Rietveldt jokingly.

As of today USOS is continuing withengineering further details for GlobalIndustries in order to provide the shipyardwith any further information as well asengineering for the second vessel.

All together the project is running now forover 3 years and it shows where Ulstein Seaof Solutions is at its best: supporting theclient in the whole process and staying inclose contact to get the best result.

Larry McClure conrms the good relationshipwith USOS and continued support during theconstruction of the vessel, “USOS workedwell with Global Industries, Ltd. in taking themission requirements and jointly developingthe initial design of the vessel from the rstmeeting to what the Global 1200 and 1201are today; being very versatile vessels forthe deepwater Pipelay and heavyconstruction market.”

Global 1200 – birth of a project

Ulstein Sea of Solutions (USOS) is a relatively young company (started in 2001),but its staff has a vast experience in the design of offshore construction and

exploration vessels. Since its beginning the company has developed a variety ofin-house vessel designs for the offshore construction market that can be fully

customized to the needs and requirements of its world wide customers. Well knownexamples include the Sapura 3000 pipelay/heavy lift vessel and the Borealis,

the largest monohull heavy lift vessel with a mast crane conguration.

One of the vessels US basedGlobal Industries has contracted withUlstein Sea of Solutions is the

pipelay/heavy lift vessel, Global 1200.

ULSTEIN SEA OF SOLUTIONS

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Ship of the year 2008Island Constructor has won Offshore Support Journal’s prestigious2008 ‘Ship of the Year’ award. The vessel is suited for both wellintervention and construction work. We quote from the jury:

”ISLAND CONSTRUCTOR”

“Island Constructor was chosen as OSJ’s ‘Shipof the Year’ 2008 as a result of the vessel’sparticularly versatile and innovative design.

Island Constructor is a very impressive vesselin many ways, with many innovations andimportant ‘rsts.

Island Constructor has Comfort (C3)(V3)class, and when OSJ was on board for part ofthe sea trials programme, we found thevessel to be very quiet, even though morestaircase doors were open than usual. In atwater it was difcult to know from noise andvibration levels if the ship was moving at all,or at what speed.

Island Constructor is also noteworthy forbeing the rst ship with the new IP-basedULSTEIN COM ® communications systemfrom Ulstein Elektro, and is the rst vesselequipped to the new Ulstein AccommodationStandard, the intention of which is to createmore modern accommodation on board,of a type that meets the expectations ofa new generation of seafarers.”

Ulstein also won this prestigious awardfrom Offshore Support Journal in 2006.With the anchor handler Bourbon Orca,the rst vessel delivered with thecharacteristicULSTEIN X-BOW ® .

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Hull number 279 from Ulstein Verft washanded over to Island Offshore on 23 Mayand was christened on the following day.

“The ship was contracted at a time when themarket was boiling over – therefore we’reimpressed that Ulstein again managed tomeet the delivery time. We are responsible toour customers, and so it’s nice to be able tomake the ship available at the agreed-upontime,” says Håvard Ulstein.

Sets itself apart“Island Offshore sets itself apart by providingships that perform tasks that our competitors’

ships don’t. Island Constructor is a good,all-round addition to our eet. She is also agood representative of the great shipsoriginating from the Sunnmøre cluster,” he says.

New solutionsThe Ulstein Group has prepared a moderninterior prole with both innovativefunctional and design solutions.

There have been major interest around thisvessel, and we believe the Island Constructor

is making herself noticed because of thestate-of-the-art technical solutions as well asits modern look. The Ulstein Group has aculture that encourages innovation. Ouremployees have both the freedom and thewill to think new, and together withshipowners like Island Offshore we also getto make these novel concepts a reality,”says Ulstein Group deputy CEO Tore Ulstein.

Island Offshore is also the rst company toinstall the new IP-basedULSTEIN COM ® system from Ulstein Elektro. The solutioncontains new functions like a TV-based portalfor a number of services such as television,

radio, information from other vessels andfrom the ofce ashore, safety informationand visuals from surveillance cameras. Inaddition, the infrastructure is completelydifferent from the earlierULSTEIN COM ® ,so it will be cheaper and easier to expandthe system later.

Big dimensionsThe 120-metre-long, 25.5-metre-wide ship isa construction and well intervention vessel ofULSTEIN SX121 type and is designed by

Ulstein Design. By volume, this vessethree times the size of theULSTEIN X-BOW

vessels previously delivered. The 380metre wheelhouse is built at Ulstein Vdivision at Vanylven.

The ship is equipped with a diesel-elepropulsion system driving two azimutpropellers, two swing-up compass thrand two tunnel thrusters. The vessel iequipped, built and certied accordinIMO class III for dynamic positioninensures the best sea-going characterisduring both sailing and DP manoeuvr

Versatile shipThe Island Constructor’s main activitiwill be well intervention with the SubLubricator System for light well inter(LWI), subsea construction and equipinstallation with an optical characterverication system (OCV) and inspecmaintenance and repair (IMR). In addthe ship is equipped with a heave-compensated tower for module handland will also be able to conductROV operations.

Island Constructor is a good, all-roundaddition to our eet, says Håvard Ulstein

managing director in Island Offshore.

The Ulstein Group delivered Island Constructor on scheduleFriday 23rd of May. Håvard Ulstein is taking a last checkbefore the ag change.

Håvard Ulstein about the Island Constructor

“A good,all-round addition to our eet”“We greatly appreciate getting the ship on time – something you can’t take for granted these dOur experiences both with regards to quality and teamwork with the people at the Ulstein Gr

have been very good indeed,” says managing director in Island Offshore Håvard Ulstein

”ISLAND CONSTRUCTOR”

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“We stay in touch on a regular basisand become well acquainted with thoseon board. We also sail with them ourselvesoccasionally in order to forge closer tieswith the crew members and show that weappreciate them. We must be visible and

available, and the crew should never be indoubt that we are there for them, shoulddifculties arise,” says Sætre.

Professional pride and solidarity”Many who board our ships comment onhow ‘ship-shape’ everything is, and we areproud to answer that we have people whotake care of the things around them.When selecting a new crew, we want itmade up of people of different ages andlevels of experience, because it makes

for a well-functioning unit. It helps creaa good working environment aboard theship, as well as good a relationshipbetween ship and shore”.

Niche venture

“We’re feeling the competition from othship and rig owners, but a modern eetmakes us attractive. Furthermore, IslandOffshore has entered a niche market thano one else has ventured into before. Upuntil now, well maintenance has beenperformed only from permanent riginstallations. The Island Constructor isour third ship specially built for such woand that makes us a world leader,”says Sætre.

Feel comfortableon board

“It’s important to have a close relationship between thoseof us on land and our crews at sea,” says chief crew manage

Guri Lillebø Sætre of Island Offshore

Training coordinator Svein Magne Tenfjord and crew manager Guri Lillebø Sætre work toensure the well-being of crews on the Island Offshore eet.

Pride at sea and on land

“The project was extremely complex, withmany rules and regulations to consider.Throughout the project we have gathered dataand knowledge from our customers and fromIsland Offshore’s subsea division in Stavanger,”says Trond Hauge in Island Offshore.

Including the Island Constructor, there arenow only three ships in the world that cancarry out well stimulation. All three areowned by Island Offshore, making thecompany the world leader in this eld.

“We had no contract on the ship, but saw a

need for such a vessel in the market. Thenwe were contracted by British Petroleum(BP), which needed a ship of that size andwith the same delivery date. The expertisewe built up along with Statoil on our otherwell intervention ships also helped seal thedeal with BP. TheULSTEIN X-BOW ® hulldidn’t hurt any either – BP likes to be knownfor innovation,” says Hauge and continues.

“The yard has competent people with longexperience drawing and building ships. Thefantastic job they did commands respect.Without the designers, we wouldn’t have

had the ship in service this year,” he says. The project manager for Ulstein Verft, RunarMuren, smiles contently, proud that the yardmanages to deliver the ship on time.

“Such a project puts great pressure on bothparties to deliver at the right time, price andquality. There may be many hard discussions,so it’s important to maintain a good sense ofhumour and a friendly tone. You have to behonest and upright, and agreements must behonoured, even in the face of disagreement,”says Muren.

Trond Hauge of Island Offshore and Runar Muren of Ulstein Verft have beenproject managers for the building of the Island Constructor typeULSTEIN SX121 ,a well intervention vessel with a price tag of nearly NOK 1 billion.

“This is a magnicent ship,and we are very proud to have

played a role in its construction,” says project managers (from left)Runar Muren of Ulstein Verft andTrond Hauge of Island Offshore.

FACTS:ISLAND CONSTRUCTOR

Deadweight : 8700 tonnesLength over all appr .: 120,2 mBreadth moulded : 25,0 m

Well stimulation : Inspection,repair and maintenance of subsea wellsfor boosting production.

High returns : If British Petroleum’s80 wells in the North Sea increase theiroutput by one percent, it would mean20 million more barrels, or approximatelyUSD 2 billion.

Rig vs. vessel : Traditionally, wellstimulation has been carried out fromstationary rigs. A vessel has the advantageof mobility, and vessel operation costsone-third of the day rate for a rig.

”ISLAND CONSTRUCTOR”

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“The contract for building the IslandConstructor will bring at least NOK 400million in added value for the companies inthe maritime cluster,” says project purchaserTrond Alvestad of Ulstein Verft. “For a projectthis size we have some 200 large and smallsuppliers, more than 50 of which are locatedin the region. They include world leaders intheir elds, such as Rolls-Royce for propellers,ABB for diesel-electric systems, ODIM forwinches, Jets for vacuum toilets and manyothers,” he says.

When a local shipyard wins a buildingcontract, it has a major positive impact onthe cluster.“About 50% of our sales go to – or through– companies in the cluster,” says ArthurSolvåg, Vice President Sales – OSV at ABBMarine. “The shipowner often chooses theUlstein yard because they know they’regetting top quality at the agreed time, whichisn’t a given at other yards these days. Localsuppliers were chosen for the same reason.

ABB has a reputation for punctual deliveries,customer focus and good products with solidproject follow-up, start-up and service. That’swhy our customers keep coming back. Andit’s the same for the other suppliers in thecluster as well,” he says.

General manager Kåre Audun Haddal ofvacuum toilet manufacturer Jets AS explainsfurther: “Our delivery to the maritime clusterconstitutes about 15% of total sales, buteven more important is the goodwill thisgenerates, which is hard to quantify. It is

fundamentally imperative for smallcompanies like us to deliver our wares toquality, internationally known suppliers ofships that deliver innovative products thatarouse attention. This is crucial in ourdevelopment into a major internationalsupplier within our niche,” he says, citing anexample: “A few years ago Ulstein Verft builta number of ships for American shipownerWestern Atlas. The references we thenreceived created a direct, positive rub-off

effect – we were contacted by Asiancompanies and won important contractsthere. Stories like this underscore theimportance of being a part of the maritimecluster. Thanks to major players that promoteour name, it is possible to develop even smallniches in the region. Communication ismoney,” Haddal says.

“The cluster of suppliers and nancialinstitutions has developed along withshipowners, design companies andshipyards ever since the dawn of Norway’s

offshore era in the 1970s. The clusterpromotes mutual learning and skillsbuilding,” says Harald Møller, deputymanaging director of Ulstein Verft. “Thelocal suppliers are able to compete onproduct, price, quality and delivery time.Good relations have been forged over manyyears, and we get immediate service andfollow-up, thanks to the short traveldistances. We are entirely dependent onbeing a part of the cluster.”

The clustereffectWhen Island Offshore and Ulstein Verft

enter into a shipbuilding contract, the spillover e ffectsin the regional maritime cluster are enormous.

MARITIME REGION

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Details on panelling, ooring, doors afurniture’s are chosen according to a pprole. Carefully considered solutionsspace-saving measures and focus on ipromote well-being, comfort and safeThey also help make for a more stylismodern vessel that provide innovativesolutions for function and aesthetics. The work is done in close cooperationbetween companies in the Ulstein Groand with the ship owner. This is part othe process of creating more modernaccommodations that meet currentexpectations. The intention is to creatan environment that’s attractive and fodevelopments that are up-to-date withthe trends of today and tomorrow.

The Ulstein Group will continue to dethis Ulstein Accommodation Standar

A newaccommodation proleThe Island Constructor is the rst vessel equipped with the Ulstein AccommodationStandard. In practice, this means the accommodations are based on a holistic wayof thinking and a carefully planned design prole.

1. CORRIDORS AND STAIRWAYS: Everydeck is differentiated by a wall streamerwith graphic elements and different colours.Ulstein Accommodation Design Prole givesa standard deck palette. Ranging from maindeck to E-deck. The main element is aneutral grey wall that gives a feeling ofefciency and movement to the area.Closets, shelves and other furniture in thecorridors will be neutral grey in colour tomatch the wall.

2. This is one of the day rooms/loungesonboard Island Constructor. It is desirableto make the common areas as large andcomfortable as possible to encourage socialinteraction and gathering.

3. This is the captain’s cabin. It is an exampleof one suite and how it can be arranged.The suites all have separate bedrooms.

2.

3.

1.

”ISLAND CONSTRUCTOR”

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Cluster teamwork

“We were considering yards in India,China, Singapore and Spain whenUlstein Verft entered the picture. Thechoice of Ulstein was based on an overallassessment, and we have great faith thatUlstein Verft will meet the delivery time.We have long-term owners andoperators with a focus on investing inthe best quality,” says Remøy ShippingCEO Per Gunnar Jarnes.

“We have experience in building thisvessel type, and we have competentemployees that are eager to deliver highquality products at set delivery time, “says Ulstein Verft managing directorKarsten Sævik.

New version of ULSTEIN PX105“We wanted to work with Ulstein Designin landing this contract.ULSTEIN X-BOW ® ships represent something new andexciting and, together, we developed adesign that met StatoilHydro’srequirements,” says Jarnes.

“The vessels are equipped withMecmar’s exhaust system, whichreleases exhaust through the hull side,right over the water surface. Relocatingthe exhaust ducts has freed up space inthe accommodation area, providing avirtually 360-degree view from thewheelhouse,” says Ulstein Designdesign manager Håvard Stave.“The ships are also equipped with thenewly developed CargoMaxx tanksystem. This is a state-of-the-art systemthat can load cuttings, dry bulk, mud,brine and fuel. The system is alsoprepared for oil protection and oilrecovery operation (ORO),” he says.

Remøy ShippingRemøy Shipping currently has a eetof six vessels for coast guard, seismicand offshore service. Statoil, nowStatoilHydro, has been a customerof Remøy Shipping for 12 years.“The contract with StatoilHydroenables Remøy Shipping to boost itscommitment to the offshore sector.Furthermore, our ships get a longlifetime, because we know we won’tget any better quality than whatUlstein delivers”, says Jarnes.

The vessels will be delivered in Februaryand May 2011.

Remøy Shipping has signed a contract with Ulstein Verft for thebuilding of two eco-friendly platform supply vessels (PSV) of

ULSTEIN PX105 type designed by Ulstein Design with future orientedproducts and systems from Ulstein Elektro. The vessels are already set

for long-term contracts with StatoilHydro upon completion.

More Ulstein vesto China

”The co-operation in the developmenprocess with the designer has been vegood. Together with the maritime cluswe have managed to get the solutionsneed,” says Neptune Offshore managdirector Bjørn Endresen.

The Ulstein Group will supply designdetail documentation and main equipThis includes products such as mainswitchboards, bridge and control roomconsoles,ULSTEIN IAS ® (integrated alaand surveillance system),ULSTEIN COM

and navigation equipment andULSTEIN P

(power management system).

Neptune Offshore has ordered two ULSTEIN SX

IMR-vessels from Ulstein Design.

Ulstein Design will deliver twdesign and equipment packagof the ULSTEIN SX130 to theSinopacic Group in China. Tvessels will be built for the shcompany Neptune Offshore Abased in Fosnavåg, Norway.

The shipowner is strongly committed tothe environment and innovative solutions,and has done business with the UlsteinGroup before.

“Polarcus is building up a eet of the mostmodern and sophisticated seismic vessels inthe world. We are, of course, pleased thatthey want the ULSTEIN X-BOW ® on theirsix new vessels. It is a vote of condencewhen our customers come back to ordernew vessels with an Ulstein design”,says Ulstein Group CEO Gunvor Ulstein.

“Norway has a complete and expertenvironment in the seismic and offshorevessels segment. We believe in theULSTEIN X-BOW ® concept, especially whenit comes to the environment. We also wantthe ship’s crew to have good and safe

working conditions, and we believe thisdesign helps meet such requirements,”says Polarcus EVP Peter Zickerman.

For arctic watersThe two new designs,ULSTEIN SX133 andULSTEIN SX134 , are the rst vessels with theULSTEIN X-BOW ® to receive DNV’s ICE-1Aclass notation. This means they can operatein Arctic waters.

“The entire ship is fortied with thickerframes and skin plates to withstand theonslaught of ice. There are de-icing andice-preventing systems on critical tanks andpipes. Escape routes and rescue equipmentare also secured against icing during Arcticoperations. Propellers, gears and thrustersare chosen and dimensioned according tospecial rules for enduring harsh Arcticconditions,” says Ulstein Design managingdirector Rolf Inge Roth.

“Ships with theULSTEIN X-BOW ® shape havesmoother acceleration and motion, resulting inmore stable towing power and thus a moreeven load on the seismic equipment beingtowed aft. By the same token, such shipsprovide a steadier and safer working platformfor the deck crew,” Roth says.

TheULSTEIN SX124 and ULSTEIN SX134 vessels will be tted with a 3D seismic systemand 12 streamer winches, while the twoULSTEIN SX133 multi-purpose seismic vesselswill be equipped with six streamer winchesfor 3D/2D/source operation.

Equipment packageThe package from the Ulstein Group includescomprehensive deliveries of design and mainequipment to the six vessels. Ulstein will also

produce main switchboards as well asbridge and control room consoles. Thevessels will be equipped withULSTEIN IAS ® ,ULSTEIN COM IP ®, ULSTEIN NAV ® andULSTEIN PMS ™ .

The rst two ships will be delivered in thirdand fourth quarters of 2009, respectively,and the last two in the rst quarter of 2010.

PolarcusPolarcus is a relatively new offshoreshipowner. However, many of its employeespreviously worked for Eastern Echo, whichordered six Ulstein-designed seismic vesselsin 2007. That company was later purchasedby WesternGeco. Polarcus is now buildingup a modern, state-of-the-art, environment-friendly seismic eet.

ULSTEIN X-BOW®

Vessels with theULSTEIN X-BOW ® aredesigned to maintain steady speed even instormy and choppy seas. Another benet isthat the design entirely eliminates thecrashing of waves against the foreship.Preliminary results show that such ships cansave 4–7% fuel per year, depending on howthey are operated. With this contract, UlsteinDesign has sold a total of 68 designs, 33 ofwhich are vessels with theULSTEIN X-BOW ® .

Responsible explorationOffshore shipowner Polarcus has ordered six new ships of Ulstein design.

TheULSTEIN SX124 -, ULSTEIN SX133 - and ULSTEIN SX134 -typevessels are all to be built at Drydocks World Dubai.

Per Gunnar Jarnes, Remøy Shipping.

Bjørn Ove Endresen og Oddgeir Husøy,Neptune Offshore.

POLARCUS REMØY SHIPPING NEPTUNE OFFSHORE

For Remøy Shipping ULSTEIN PX105 .

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