Ulstein wins quartet in China

Bourbon has signed a contract with Zhejiang Shipbuilding in China concerning the construction of four ULSTEIN P105 platform supply vessels. Ulstein Design AS will deliver the design and major equipment for the vessels. The contract has a total value of around $52 million for Ulstein Design. The vessels will be delivered between September 2007 and September 2008.

This is a major and important breakthrough in the Chinese market for the Ulstein Group and the four-ship contract is based on designs that have been built previously at Ulstein Verft. Bourbon has already taken delivery of two type ULSTEIN P105 vessels from Ulstein Verft, i.e. ?Bourbon Topaz? in February 2005 and ?Bourbon Peridot? towards the end of October 2005.

Bourbon has experience of ship construction in China and in particularly at Zhejiang Shipbuilding. The shipping company has a series of medium sized platform supply vessels under construction at Zhejiang Shipbuilding, the first of which have already been delivered. Ulstein Design will deliver the propulsion systems, engines, cargo systems and dynamic positioning systems, among other things. The equipment packages also contain a number of products from Ulstein Elektro AS, such as all the navigation and radio equipment, ULSTEIN COM, panels and desks.