ULSTEIN

TODAYNO 1 2014. TODAY IS A NEWSLETTER WITHNEW PERSPECTIVES FROM ULSTEIN GROUP

SAILS IN TO THE U.S.

STRONG PERFORMER

ROOTS IN CHINA

DELIVERY PRECISION IS KEY

CONTENTS

4 UNITES IN THE U.S.

6 STRONG PERFORMER

8 HERBJØRN HANSSON – THE SCENT OF SUCCESS

10 DELIVERY PRECISION IS KEY 11 CONTINENT SWAP FOR ‘ISLAND INTERVENTION’

12 ROOTS IN CHINA

16 ‘BLUE POWER’ SHOWS ULSTEIN POWER™ 18 DERRICK LAY FOR SAPURAKENCANA 19 COMFORTABLY SNUG

ULSTEIN TODAY NO 1 2014 PUBLISHED BY Ulstein Group ASA, NO-6067 Ulsteinvik, Tel: +47 7000 8000, www.ulstein.com EDITOR Lene Trude Solheim ASSISTANT EDITOR Tonje Øyehaug Ruud CONTRIBUTORS TradeWinds PRODUCTION Tonje Alvestad, Portalia PRINTED AT TINDE Design & Trykk AS CIRCULATION 5,000

X-BOW® – A PATENTED PRODUCTThe inverted bow leads to reduced speed loss in waves. This provides higher transit speed or reduced power consumption, and hence im-proves fuel efficiency and reduces emissions to air. The bow shape eliminates slamming and leads to a more comfortable workplace.

FRONT PAGE ILLUSTRATION: Designer’s image of the ULSTEIN SX165 designed OCV vessel, one for construction at Ulstein Verft, Norway, and one at LaShip Yard, USA, for Island Ventures II. (Illustration: Ulstein/Morild Interaktiv). PHOTOS AND ILLUSTRATIONS: ALP/Fire Grader (p. 3), Ulstein (p. 3-7, 11, 17-19), Morild Interaktiv (p. 4-5), Marius Beck Dahle (p. 4, 6, 10-16), Paal Andre Schwital (p. 8-9), Kristoffer Strandebø (p. 16), Paul Moar (p. 16), SOS Children’s Villages (p. 17), Norwegian Maritime Museum/Rolf Estensen (p. 17), UN Global Compact (p. 17), COSCO (p. 18), Norwegian Sea Rescue (p. 19).

SAFER, SMARTER, GREENER

Innovation still is, and will continue to be our main strategy. Innovation for us is to continuously build upon an innovation culture. A culture that allows employees to come up with new ideas and create tomorrow’s solutions. We also have to look for inspiration and new ideas in new and unconventional areas. Our success lies in the implementations and realisations together with our customers and partners in the maritime cluster.

Being a global and innovation driving force within maritime operations requires that we provide safer, smarter and greener products and services. Our aim is to become even more systematic in the innovation processes. We want to ensure that our solutions make it possible for shipowners, contractors and operators to gain long-term competitiveness and thereby contribute to their value creation.

We strongly believe in the maritime cluster and the industry we belong to. We see the importance in the exchange of knowledge and information, and sharing best practice across to find new and better solutions. Through this effort of innovation, with focus on competence and quality, we want to give our customers added value.

Our inverted bow, the X-BOW®, became a success after its concept launch in 2005, and has now made its way up to almost 90 vessels sold worldwide. The success has come due to the superior qualities regarding sea keeping, safety, comfort and fuel-efficiency.

Currently, 40 ship designs from Ulstein within the OSV and heavy offshore areas are under construction at yards around the world, ranging us as one of the largest

design suppliers headquartered in Norway. Six vessels are being built at our own yard.

Working world wide requires local presence. Over the years, we have built up expertise to provide high quality of service to our customers. Most recently, we established a new support and service company in China.

For the first time, an Ulstein designed vessel will be constructed in the U.S. This is through the cooperation between U.S based Edison Chouest Offshore and Norway based Island Offshore. The first ship of the SX165 type will be constructed at Ulstein Verft, being a prototype yard, while a sister vessel will be constructed at Edison Chouest’s own LaShip yard in Louisiana.

The ocean-going anchor handling tug market is a new market for Ulstein, and the first four vessels of the SX157 design will be constructed at the Niigata yard in Japan. Towing FPSOs with full power up to 45 consecutive days in open sea is just one of the tasks awaiting these hard workers.

We have seen an interesting new actor entering the offshore service area. Nordic American Offshore is an offspring of Nordic American Tankers, headed by Herbjørn Hansson. With 40 years’ experience in tankers, NAO acquired the complete fleet of six PX121 platform supply vessels from Ulstein and later purchased two more.

Our goal is to develop products and services which are safer, smarter and greener. Skilled employees, hard work, in addition to conti- nuous innovative work, are essential. We are constantly striving to live up to our slogan:

Turning visions into reality!

“The past months we have seen an introduction of the Ulstein designs into new areas, geographically and operationally. Having passed some very important milestones of 100 sold OSV designs and the delivery of hull number 300 from Ulstein Verft, we are now heading into new exciting projects,” say CEO Gunvor Ulstein and deputy CEO Tore Ulstein.

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Golden Energy Offshore (GEOFF), located in Ålesund, Norway, recently contracted two PX121 designs, with options for further two, for construction at the ROC yard in China. The total number of PX121 platform supply designs from Ulstein have now risen to 24.

GEOFF has ordered a heightened version of the PX121. This version is equipped with an extra deck and will be built according to IMO’s SPS code for Special Purpose Ships.

The vessels are due for delivery from yard in Q1 and Q2 of 2016. They will be equipped with the most modern solutions

for DP2 (dynamic positioning), oil recovery and fire-fighting. In addition, the vessels will be prepared for the installation of an AHC (active heave compensated) crane with up to 67 tons capacity and an ROV (remotely operated vehicle) mezzanine deck, which means the vessels can easily be configured for IMR (inspection, maintenance, repair), ROV support, trenching and light subsea construction work.

The PX121 has an overall length of 83.4 metres and a beam of 18 metres. This version has a deadweight of 4,000 tons. The ships are recognised as medium-sized PSVs and have a cargo deck of

approximately 850 square metres and under-deck capacities well suited for the intended operations.Ulstein also delivers a significant package including equipment, supervision, commissioning and testing.

The vessels are primarily designed for towing of large structures over long distances. This is a new market for Ulstein, and the contract represents so far the highest value in one single contract for Ulstein Design & Solutions. The vessels of the SX157 design are

developed especially for this project in close collaboration with ALP. They are expected to deliver in the range of 300 tons bollard pull, and measure 88.9 metres length and 21 metres in the beam. “This is a very important contract, involving activities in a new market and

with a new customer involved. The contract is a result of close cooperation with the yard, the ship owner and our partners in the Norwegian maritime cluster,” says Sigurd Viseth, managing director in Ulstein Design & Solutions.

SOLID ENTRANCE

Ulstein has made a solid entrance to a new market and a new country with their largest design contract so far. Four ocean going tugs of the ULSTEIN SX157 type will be built at Niigata Shipbuilding & Repair in Japan for the Dutch company ALP Maritime Services.

Ulstein has sold design and equipment packages for four ocean going tugs to be built at Niigata, Japan. The bottom right photo shows project manager at Niigata, Shigeru Morioka (middle), together with Sigurd Viseth and Ove Dimmen in Ulstein.

PX121 – THE GOLDEN EDITION

NEW MARKET:

ULSTEIN PX121 design.

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EDISON CHOUEST, ISLAND OFFSHORE AND ULSTEIN

Edison Chouest Offshore (ECO) and Island Offshore have teamed up to order two new SX165 designed offshore construction vessels (OCV). The sister vessels will be constructed on two different continents, one in Norway and one in the U.S.

UNITES IN THE U.S.

All engineering will be performed by Ulstein Verft in Norway and shared with ECO’s LaShip yard in Louisiana. The new SX165 will be the largest ever built for Ulstein Verft, while the order to LaShip marks the first time an Ulstein designed vessel will be built in the U.S. The LaShip contract also includes options. Delivery of the first of the two vessels is planned for 2015.

The OCVs will each be equipped with one 400-ton and one 140-ton crane. The largest crane is capable of lowering down to 4,000 metres. Each ship has three moon pools, the largest measuring

11.2 x 12 metres for subsea operations, while the two smaller moon pools feature remotely operated vehicles installed in a centrally located hangar. Three separate engine rooms provide exceptional operational reliability; if a major error takes one of the engine rooms out of service, the ship will still retain two-thirds operational capacity.

The vessels satisfy the latest crew comfort and safety requirements as defined in MLC2006, such as four lifeboats, two on each side. Both ships are equipped with selective catalytic reduction systems to limit NOx emissions.

“It was important for Edison Chouest Offshore to establish themselves in the Gulf of Mexico with a large Jones Act construction vessel, and the SX165 design was selected for building such a vessel at their own shipyard. It was also natural to build a similar vessel in Norway,” comments managing director Håvard Ulstein in Island Offshore. “We believe that the SX165 will form a perfect part of the specialised fleet of vessels in our group, and that the demand for such vessels will be strong in the coming years.”

Ulstein Verft’s project manager Per Svein Brekke (middle), with engineers Tone B. Mortensen and Bjørn Røren.

All detail drawings will be produced at the prototype yard, Ulstein Verft, in Norway.

Managing director Kristian Sætre in Ulstein Verft meets Edison Chouest Offshore’s Vice President Abram Hunt and CEO Gary Chouest.

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ISLAND OFFSHOREIsland Offshore: Established in 2004. Has a modern fleet of 25 advanced offshore service vessels and 8 under construction. The company is headquartered in Ulsteinvik, Norway.

“WE BELIEVE THAT THE SX165 WILL FORM A PERFECT PART OF OUR SPECIALISED FLEET” Håvard Ulstein, CEO Island Offshore

EDISON CHOUEST OFFSHORE Founded in 1960 and operates a fleet of more than 200 vessels. The company is headquartered in Galliano, Louisiana, USA.

VESSEL FACTS145.7 m length28 m widthAccommodation 200 people

Island Offshore’s vessels from Ulstein in the period 2005-2015: The fleet has developed into larger and more advanced state-of-the-art vessels.

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Tom Inge Vetrhus is Island Offshore’s site project manager, and has developed a very good tone with the people at Ulstein Verft: “Ulstein Verft has a very professional approach. I’d like to boast about how splendid it all is, Ulstein Verft being one of the best yards I’ve ever been at and all, but I can’t say too much. As the ship is not yet delivered, the workers might get lazy,” comments Vetrhus jokingly, and decides to say some more:“Ships coming from this yard have high quality and finish, they’re of their own standard, so to say. We meet people in the ship construction area who take professional pride in their work. On our comments, things are fixed rapidly, we don’t have to sit down to discuss details in meetings. This makes it easy to work with Ulstein, and the work progress is steady. Speaking out of experience, Ulstein will once again deliver on-time.”

EQUIPPED FOR SUBSEA WORK“The ‘Island Performer’ is adjusted to suit the scope of work in the FTO contract, in which riserless well intervention (RLWI) is the main task. She can perform

operations at depths down to 3,000 metres,” says technical manager Trond Hauge, Island Offshore, continuing: “A large intervention tower is placed over the 8 by 8-metre main moon pool, and she carries the highest class of dynamic positioning, DP3. She is equipped with a 250-ton AHC offshore crane and a below-deck winch, and carries two deep-sea work ROVs, one to be launched through a dedicated moon pool and the other from the starboard side.”

HEIGHTENED FREEBOARDA shelter deck around the main moon pool increases the operational window for moon pool work and offers a shielded space for various equipment. Arranged on the shelter deck is a multi-skidding system for handling 100-ton skidding pallets. The design includes a large cargo deck for transport of equipment for a multitude of operations.

SAFETY AND COMFORT ‘Island Performer’ has a crew capacity of 130, and in case of evacuation, each of the lifeboats on the starboard and port sides can accommodate everyone on board.

The heli deck is placed closer to the mid part of the vessel, where movements are at the lowest, in order to increase the weather window for crew change. “Having an experienced in-house team of engineers, we can adjust the design to suit the customer’s needs, of which the customer receives all updated drawings and documents,” states project manager Tommy Norhagen in Ulstein Verft. Trond Hauge comments: “Island Offshore has previous experience with this design. The two SX121 designed vessels already in our fleet have proven to be very successful to us. Our policy is to keep a modern fleet in which the most advanced vessels are specifically developed to perform their duties in the best possible way. We wish to be a frontrunner in the subsea market, offering only the best vessels, and we are certain that the ‘Island Performer’ will achieve good results in complex deep water operations in the Gulf of Mexico.”FTO is a joint venture between FMC Technologies and the two ship owners, Edison Chouest Offshore and Island Offshore.

STRONG PERFORMERThe next Ulstein Verft newbuild, the OCV vessel ‘Island Performer’, is destined for American waters. Contracted by FTO, she will serve her first five years as a well intervention vessel in the Gulf of Mexico.

Left: Island Offshore’s site project manager Tom Inge Vetrhus in dialogue with Ulstein Verft’s project manager Tommy Norhagen. Top right: Technical manager Trond Hauge in Island Offshore. Bottom right: Tommy Norhagen, Ulstein Verft.

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“We wish to be a frontrunner in the subsea market, offering only the best vessels.”

TROND HAUGE, TECHNICAL MANAGER ISLAND OFFSHORE

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“INVESTING IN A NEW MARITIME SEGMENT COMES FROM EXPERIENCE AND UNDERSTANDING THE MARKET.” Herbjørn Hansson, CEO NAT

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THE SCENT OF SUCCESSMEET HERBJØRN HANSSON, CEO NORDIC AMERICAN TANKERS:

Nordic American Offshore (NAO) was established at the end of 2013, and Hansson quickly bought up all six platform supply vessels (PSVs) from Ulstein's ship investment company Blue Ship Invest. In Q1 2014 he placed orders for two more at Ulstein Verft.

Asked if he foresees further expansion of his new offshore fleet, Hansson replies: "Most certainly. A company not growing stagnates or degenerates. Our business strategy is very simple: Over time the income to the company has to exceed the outlay, and the difference is paid as dividends to the shareholders."

"Our investment in a new maritime segment is based on experience and understanding the market. I've been in the tanker industry for 40 years, and have a fleet of 20 Suezmax tankers. My team and I have broad insight and experience in the offshore industry. Low oil prices are good for the tanker industry, while high oil prices boost the offshore industry. Being in both industries is like riding two horses, one of them will always be the faster runner. The oil industry is always in need

of good, solid, suppliers. There is a business opportunity in this, and I feel confident we've done the right thing," Hansson reflects.

"Quality is the main factor. I've been at sea myself for two years as a student, and the people working on board the vessels are the most important. These PSVs are working in the North Sea, where the weather can be ferocious. I am fascinated with these vessels' technical solutions, amongst them the very special bow configuration (X-BOW®) that eliminates slamming, providing improved comfort for crews. Also, these ships are very fuel-efficient, and equipped with advanced dynamic positioning (DP2)," says Hansson.

He continues: "A very important aspect for us is that all eight PSVs have the same size and capacity. We have a strategy of keeping a homogenous offshore fleet, the same strategy as for our tanker fleet, which helps ensure optimal management of the vessels."

The $350 million deal is the largest single transaction in Ulstein's recent history. The

purchase was funded entirely by NAT's/NAO's shareholders. "We are a conservative company, quality-conscious and careful. We seek to be predictable and transparent in our investments. Our business is People, Ships and Capital. We have the best people and the best ships, essential in building confidence and reputation,” Hansson says, adding: “Our dividend policy sets us apart from other players. We are listed on the New York Stock Exchange, with 100 000 stockholders to whom we pay dividends each quarter.“

Herbjørn Hansson is a Master of Business Administration, and started his career in the Norwegian Shipowners’ Association in 1974. Shortly after he hired on as Chief Economist and Research Manager at INTERTANKO, the International Association of Independent Tanker Owners. Later he took over duties as CFO in Kosmos / Anders Jahre, one of the largest shipping and industry groups in Norway at the time. In 1989, with startup capital of just $7,000, he established Ugland Nordic Shipping, which he sold 12 years later to Teekay for $780 million.

Herbjørn Hansson has a tough record to beat in the tanker market: 67 consecutive quarters of paying dividends as CEO for Nordic American Tankers (NAT). Now he’s turning his talents further upstream, to offshore supply services, where he is growing his fleet of PSVs.

Herbjørn Hansson, NAT/NAO, has acquired all six PX121 designed PSVs in the Blue Ship Invest fleet, and has entered into a shipbuilding contract on further two.

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The 130-metre offshore construction vessel ‘Polar Onyx’ is on a five-year charter with a five-year option to Goldman Sachs-owned Ceona. After her delivery in March 2014, the vessel’s first port was the Netherlands for installation of top-side equipment, and she is now about to start operations as pipelay support vessel for Petrobras.

The vessel built at Ulstein marks GC Rieber’s first domestic order in many years. When asked why the owner chose to build at Ulstein, GC Rieber chief executive Irene W. Basili praises the yard for its quality,

designs and competitive pricing on high-end vessels. But she stresses that its ability to meet delivery deadlines is key for a $133 million speculative project that has paid off with subsea work in Brazil.

“The predictability of getting one of these vessels on budget and on time is incredibly important,” says Basili.“Had we not had that predictability, we would not have been able to secure the contract with Ceona, and Ceona would not have been able to get a contract with Petrobras. It is all based on knowing when the vessel is coming and being very comfortable about the condition.”Ships are essential assets but represent a small slice of massive offshore projects, so clients tend to charter vessels that are either on the water or within a few months of delivery. The result for owners is that having a signed charter in hand is rarely possible before placing an order with a two-year construction time. The situation makes speculative vessel orders common in offshore.

GC Rieber has built up a history as an Arctic specialist and is also known as one of the pioneering vessel providers in marine seismic. But subsea has overtaken seismic as the owner’s largest revenue contributor. These two main niche areas together contributed 82% of GC Rieber’s NOK 192.2 million operating income in the fourth quarter, while subsea accounted for 43% of that total.

“The delivery of the Polar Onyx marks where we want to be in the subsea segment and, for us, it is strategically important to move up the value chain into more sophisticated vessels,” says Irene W. Basili. She indicates further that subsea is the most likely arena for expansion, given that the market is considerably larger than seismic in terms of budgets for exploration and production (E&P).

This article, edited and shortened from its original version, is printed with the permission of TradeWinds.

“DELIVERY PRECISION IS KEY”

IRENE W. BASILI, CEO GC RIEBER:

Design, quality and competitive pricing all counted for when GC Rieber Shipping chose Ulstein for the construction of ‘Polar Onyx’, but the ability to meet delivery deadlines was key for their largest-ever ship investment.

'Polar Onyx': ULSTEIN SX121.

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CONTINENT SWAP

‘Island Intervention’ is jointly owned by Edison Chouest and Island Offshore. Having worked successfully for BP in the North Sea with XMT installations at the Skarv field, she is now serving in the Gulf of Mexico.

The SX121 designed ‘Island Intervention’ was built at Ulstein Verft as an Offshore Construction / Well Intervention Vessel and delivered in 2011. Equipped with a module handling tower and a 140-ton crane, she has been performing subsea IMR work in the North Sea. In Q1 2014, she revisited Ulstein Verft for modifications, which included the installation of a large 250-ton offshore crane and an Ampelmann gangway system for safe transferral of offshore personnel. Accommodation was increased from 100 to 130, and new, larger lifeboats mounted. “With a new and larger offshore crane and increased accommodation, ‘Island Intervention’ is an attractive vessel in the IMR and subsea construction market,” comments deputy managing director Tommy Walaunet at Island Offshore.

Management and crewing is provided by Galliano Marine Services LLC (Edison Chouest), and the vessel’s first assign-ment in the U.S. is a five-month contract as an accommodation vessel for BP.

Nose to nose with ‘Polar Onyx’, ‘Island Intervention’ was getting her final modifications before she headed off to the Gulf of Mexico.

‘Polar Onyx’ was named at Ulstein Verft by Natalie Dawn Preston (front). From left: Paul-Christian Rieber and Irene W. Basili (GC Rieber Shipping), Kristian Sætre (Ulstein), Steve Preston (Ceona) and Lidvar Lillerovde (Ulstein).

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ROOTS IN CHINADuring the last ten years, Ulstein’s activity in China has increased substantially.Ulstein recently announced several new shipbuilding contracts in China.

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Sales and marketing manager Lucy Lu, managing director Vidar Eikrem and sales and marketing director Kirk Du are working at Ulstein’s sales office in Shanghai.

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Managing director Vidar Eikrem has been in China for Ulstein from the start ten years ago. “It started off with just me and our coordinator in Shanghai. Today there are almost 90 of us. We have substantial activity at the sales office in Shanghai and at our factory in Ningbo, and follow-up teams at various yards. We focus on new sales, project follow-up and equipment production of switchboards and cabinets,“ says Vidar Eikrem.The investment in China is a part of Ulstein’s overall strategy. Ulstein wants to sell more design and equipment packages internationally and so far, about 40 designs have been sold for construction at Chinese yards.

INVEST IN PROJECT TEAMS“Our customers have to be confident that they get a good design and a proper integrated equipment package. The on- site support and the local follow-up are essential for our end deliveries and our reputation in China. That’s why we invest so much in setting up proper project teams to do the follow-up,“ Vidar Eikrem states.

COOPERATION NORWAY AND CHINADuring the last few months there have

been a lot of late nights at the office in Shanghai. Kirk Du, Lucy Lu and Vidar Eikrem have worked together with the team in Norway.“Our job is to build up the relationships with customers locally. To succeed in China, we must do a good job at the local shipyard. They are an important sales channel for us,” says sales and marketing director Kirk Du. He continues: “We have good cooperation with the naval architects and sales resources in Ulsteinvik, Norway. We have great products and innovations from Norway and can support and promote these locally. At the moment we are looking at many new opportunities,” says Kirk Du, smiling.

RECENT CONTRACTSSingaporean Pacific Radiance Group recently announced the order for four PX121 designed PSVs for construction at SWS Offshore, Shanghai. In addition to PSV duties, the vessels for Pacific Radiance Group are prepared with increased accommodation and provisions for crane and ROV installation for possible assignments in the IMR market. The vessels will be built in compliance with Clean Design and Comfort Class. They are satisfying IMO’s SPS Code (Special Purpose Ships) for carrying up to 60 specialised personnel, and carries OILREC class notation for oil recovery in emergency situations. All four vessels are scheduled for deliveries in 2015.

“OUR SHIPBUILDING KNOW-HOW & EXPERTISE SECURES THAT THE CUSTOMER GETS THE BEST POSSIBLE RETURN ON INVESTMENTS IN CHINA” Vidar Eikrem, head of global sales network

James Xin and Charley Yan are making the distance between China and Norway shorter by following up shipbuilding projects with Ulstein designs in China.

ISO 9001 IN NINGBOUlstein Marine Equipment, Ningbo, is ISO certified according to ISO9001-2008 in order to continuously measure and improve the company’s quality management. Established in 2007, the company produces cabinets for the maritime industry, ranging from local starters to main switchboards. Ulstein Marine Equipment has developed into a company with a group of experienced expertise in production and engineering. Providing service and high-quality products on-time is the over-all aim. The capacity is currently four switchboards per month.

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2.

1.

1. Kelly Jiang secures that all deliveries for Ulstein projects are as scheduled and in the right condition before installation.

2. Vidar Eikrem and his team have a large network and close cooperation with yards and ship owners in Asia.

3. Ulstein Marine Equipment has production and engineering facilities in Ningbo, China.

4. The high activity in China keeps Ulstein’s driver Wang Pin occupied on a daily basis.

4.

3.

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NEW LEVEL OF FUEL EFFICIENCY

‘BLUE POWER’ SHOWS ULSTEIN POWER™

“Our charterer reported back to us that it’s not possible to be that fuel efficient, compared to similar ships,” says Edvard Dahlén, captain on this transit. “We made eight knots and consumed less than 200 litres per hour, which is extremely little.”

“This vessel is set up with two different engine sizes. On this occasion, only the smallest engine was in use. This was a rare opportunity in which we were allowed to keep the speed down to eight knots, and we decided to test how little

fuel she is able to use in transit,” says Dahlén.

“The diesel electric propulsion system on this vessel is an ULSTEIN POWER™ delivery developed by Ulstein in close cooperation with Ingeteam. The focus on optimised combinations of generator sets and electrical drive units have generated a series of very fuel efficient systems,” comments Gunnar H. Hide, managing director in Ulstein Power & Control.

‘Sea Falcon’, the first out of twelve PX105 designed PSVs for Seatankers, started operational work from Q1 2013. Working in the Scottish sector of the North Sea, she has been through some harsh weather, but that doesn’t stop her from doing her duty.

‘Sea Falcon’ was delivered in February 2013, and is working on a five-year contract plus options for the American oil company Apache. Her Captain comments that: “We have experienced our share of bad weather. We’ve had no particular problems, everything is fine and she is very good in operation.”

Joey Daigle, who is general manager in the Deep Sea Supply Management office in Singapore, says that “During my visit to these vessels and in talking with the Masters, they have statements like: ‘The vessel is extremely quiet when underway’, ‘minimal vibrations are felt in heavy seas’ and ‘this PSV design has a ride of luxury.’”The vessels are 88.9 metres long and 19 metres in the beam and equipped with a diesel-electric propulsion system. The cargo deck area is approximately 1,000 m2 and the vessels each have a dead weight of 4,500 tons. The deliveries from Ulstein include not only the design, but also an extensive equipment package, including all power distribution and electric propulsion systems, bridge and communication systems.

So far, eight vessels have been delivered. While three are operating in the North Sea, the rest are spread around the globe.

A SMOOTH SAIL ON HEAVY SEAS

When ‘Blue Power’ reported the fuel consumption for a transit mission to their charterer, the reply was that the numbers must be wrong. The consumption was simply too low.

Managing director Gunnar H. Hide (third from left) with Power & Control sales team members Geir Haddal, Tore Evebø and Katrine Aasen.

The platform supply vessel ‘Blue Power’, a PX121 design, offshore Aberdeen.

ULSTEIN POWER™ consists of solutions for propulsion and power distribution.

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The wind installation support vessel ‘Siem Moxie’ was recently delivered to Siem Offshore by the Fjellstrand yard. She has been awarded the OSJ Offshore Renewables Award 2014. This Prize is awarded to a company, project or product that has made a significant contribution to the development of the offshore renewables market.

RENEWABLES AWARD

EXTENDED SPONSOR-SHIP

SOS CHILDREN’S VILLAGES

VIRTUAL SHIPYARD

Supported by close to 50 maritime partner companies, the Norwegian Maritime Museum in Oslo recently opened a new, modern exhibition in the presence of HRH King Harald, the museum’s high protector. Ulstein’s contribution is a ‘Virtual Yard’ installation,

in which the visitor can have a virtual walk-through of the Ulstein Verft premises and on board one of the PSV newbuilds. The ‘Virtual Yard’ can also be experienced in Ulstein’s company exhibition at the headquarter in Ulsteinvik, Norway.

UN GLOBAL COMPACT

Ulstein’s vision is to ‘create tomorrow’s solutions for sustainable marine operations’, and HR director Torild Bugge explains why Ulstein is committing to the UN program: “As an innovative company, we need to take pro-active initiatives. We decided to participate due to the program’s attention to the welfare of our fellow global citizens, and for the generations to come. By committing, businesses around the world can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere.”

Ulstein has decided to continue sponsoring SOS Children’s Villages with NOK 1 million per year. The support for 2014 goes to a family program for poor families and children in the Lubango area, Angola. The Lubango area was the core of the armed conflict in Angola with severe and widespread poverty. The aim of the Family Strengthening Program is to ensure children’s access to essential services, support families to be self-reliant and strengthen community’s organisations to take a long-term responsibility for vulnerable children in the area. SOS Children’s Villages is the world’s largest charity for orphans and neglected children. Since 2010, Ulstein Group has been a main sponsor. Sustainability is a central part of Ulstein’s vision. In order to

measure our efforts and improve our skills, Ulstein is taking part in the UN Global Compact program. By attending this program Ulstein obliges to ten principles in the areas of human rights, labour, environment and anti-corruption.

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DERRICK LAY FOR SAPURAKENCANA

The SapuraKencana 1200 and SapuraKencana 3500 are designed as self-propelled heavy lift/pipelay vessels featuring 10-point mooring systems for operations in water depths up to 150 metres, while for deep water operations they utilize their DP3 systems.

Maximum efficiency and cost effectiveness were design criteria for these vessels. Firing lines and the single joint fabrication areas are on a tween deck completely covered by the main deck, providing a clean, dry environment for the pipelay equipment and an unobstructed main deck for lifting operations.

Commonality in both designs has also been a key design aspect. The pipelay arrangement is the same on both vessels, although the capacities differ. The main differences being the operational profile of the

SapuracKencana 1200, which is primarily focused on pipelay, whereas the SapuraKencana 3500 is targeted at heavy lift jobs.

NOVEL STINGER HANDLING SYSTEMUlstein designed the stingers for both vessels, but more importantly a new feature on these vessels is their fully integrated Stinger Handling System using an A-frame, which has been developed in parallel with the ship design. This integrated approach resulted in a very compact system, optimally integrated in the aft ship, with due consideration given to stinger section handling, maintenance and accessibility during operations. In addition to stinger handling, the A-frame can also be used for deepwater lowering purposes, using the wire of the Abandon & Recovery (A&R) system.

DESIGNS AND SOLUTIONS FROM ULSTEIN:

A customised ULSTEIN SOC 5000 will be the first offshore construction vessel for the oilfield service company Petrofac.

The Petrofac JSD 6000 deep water derrick lay vessel will be constructed at the ZPMC yard in China, and will be available for construction and installation activities in early 2017. The DP3 vessel is a unique, innovative design featuring J-Lay, S-Lay and heavy lift capabilities, allowing to serve deep water and SURF markets as well as shallow water EPCI (Engineering, Procurement, Construction and Installation) projects.The design features an NOV revolving main crane with 5,000 tons lifting capacity. But what makes this vessel truly unique is the combination of a 600 tons Remacut S-lay system via a centre firing line below main deck, and a 2,000 tons IHC EB J-lay system via a moon pool. This double deck configuration, a distinctive feature in Ulstein Sea of Solutions’ designs, allows for a large, unobstructed deck area and below deck pipe fabrication. “We are very pleased that Petrofac selected us for designing their first offshore construction vessel,” says Edwin van Leeuwen, managing director in Ulstein Sea of Solutions, “and take it as a recognition of our design capabilities for this high end market. The success of the project comes for account of the close cooperation between Petrofac’s team and our project team.”

This is the third customised version of the successful ULSTEIN SOC 5000 design after the ‘Seven Borealis’ (delivered 2012) and ‘Aegir’ (delivered 2013).

FIRST OCV FOR PETROFAC

The SapuraKencana 1200 vessel features the new Ulstein designed stinger handling frame.

COSCO Shipyard Group delivers two derrick lay vessels to Malaysia based contractor SapuraKencana.

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COMFORTABLY SNUG

A VESSEL TO HELP SAVE LIVESUlstein Group contributes NOK 20 million for a high-speed search and rescue (S&R) boat to Norwegian Sea Rescue. The 20-metre will be delivered in 2015. She will be named ‘RS Idar Ulstein’, in memory of

Ulstein’s Chairman of the Board Tore Ulstein, Secretary General Rikke Lind in Norwegian Sea Rescue and Ulstein CEO Gunvor Ulstein.

CASCO Offshore is a specialised accommodation subsidiary of the TMA Group. With this contract, based on the Deepwater Enabler design, Ulstein enters a new offshore market segment.

Conceptual design work started in 2013. “This has been a nice, new challenge,” says Christiaan Schuiling, project manager responsible for the design. “We have ample experience with large accommodations on our past construction vessel designs. Combining such a large accommodation with a relatively small hull allowed us to utilise our creativity once more to come up with an innovative design.”Working in close collaboration with CASCO in relation to their functional design and market considerations, as well as technology partners like Peutz

and Safety at Sea, the design has been optimised to become best in its class.

Keen consideration has been given to CAPEX, OPEX and technical aspects like safety, high performance station keeping, crew comfort and logistics on board. The result has been a commercially very attractive vessel for the owner, highly competitive in the market once the first vessel is delivered in Q4 2016.

The vessel has been designed to provide a natural flow for personnel from their work to home environments, and for the most efficient logistics with respect to services and supplies. The vessel is unique by having isolated, separated areas for accommodation, common areas and work areas. An internal atrium provides

daylight in most cabins. The vessel will have European standard outfitting in all accommodation areas. Comfort for all personnel on board is further increased by having a free standing funnel stack physically removed from the accommodation, hence avoiding structurally induced noise.

The vessel will be equipped with a telescopic gangway to facilitate safe and comfortable personnel transfer to platforms, and an offshore crane installed aft with a lifting capacity of 50 tons at 16 metres outreach. The crane foundation and integration in the vessel hull has already been prepared for future upgrade to a 500-ton crane, including space allocation in the vessel lay-out for an anti-heeling system.

CASCO Offshore has awarded Ulstein Sea of Solutions the design contract for a high specification DP3 monohull accommodation vessel for 800 persons, in which comfort is key.

NEW ACCOMMODATION VESSEL

Ulstein’s long-time CEO and Chairman of the Board, who passed away in 2012. ‘RS Idar Ulstein’ will add to Norwegian Sea Rescue’s 42-strong fleet of rescue vessels stationed along the Norwegian coastline.

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ULSTEIN MARINE EQUIPMENT (NINGBO) CO. LTDNo. 7, Jinxi RoadNordic Industrial ParkZhenhai Ningbo, 315221China Tel: +86 574 8630 7875 ULSTEIN ELECTRICAL TECHNOLOGY (NINGBO) CO. LTDRoom 6015, No. 1558, Jiangnan Road Hi-Tech Zone Ningbo, 315048China Tel: +86 574 8630 7872

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