First Ulstein design to be built abroad

Solstad Offshore of Norway has signed a Letter of Intent with Merwede Shipyard regarding the building of an ULSTEIN P105 platform supply vessel. The Dutch shipyard has in connection with this order signed a contract with reservations with Ulstein Design AS regarding the delivery of a design and equipment package worth a total of more than $10 million. This includes the propulsion system, engines, cargo system, dynamic positioning system, marine electronics, switchboard, consoles and starters.

“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 P105 vessel was built in 2003 and Ulstein Design received good feedback from customers on this vessel. Earlier this year contracts were signed for two newbuilds of the same design in addition to one option.

Merwede will commence construction this autumn and delivery is scheduled for September 2005.