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    Ulstein design for Solstad

    Vessel & ROV News // March 15, 2002
    Ulstein Verft in Norway has entered into an agreement with Solstad Offshore ASA for the delivery of an A101 anchor handling tug supply vessel in March 2003.

    The contract for the construction of the vessel is worth approximately NOK 350 million to Ulstein Verft AS.

    Solstad will assume the majority shareholding in Seven Sisters II AS, a company which hitherto has been under the ownership of Ulstein Mekaniske Verksted Holding ASA. As a result of this agreement, Solstad Offshore ASA currently therefore has three vessels of Ulstein design under construction at Ulstein Verft.

    Currently, Ulstein Verft has orders for six vessels, of which five are of Ulstein's own design. Ulstein has sold five vessels of its own design since the company established its own design department at Ulstein Shipyard in 1999.

    "Our designs have been well received by the market since we established our own design department. This gives us the confidence to put further effort into the development of unique products in the field of ship design," said the company.

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