Olympic orders subsea vessel from Ulstein

Ulstein Verft AS has signed a contract with Olympic Shipping AS in Fosnavåg to build yet another large, multifunctional subsea vessel, model Ulstein P101 designed by Ulstein Design AS. Olympic contracted a similar vessel in early 2006.

Olympic was the first shipowner to contract a ship by Ulstein Design back in 2000. The new contract brings the Ulstein Group?s orderbook to a new high of approximately NOK 3 billion. Olympic Shipping has four offshore vessels under construction.

In addition to the two subsea vessels, Olympic Shipping previously contracted two anchor-handling vessels at Ulstein Verft, both of Ulstein Design. This is the third Ulstein P101 ordered from Ulstein Design. It is a large, multifunctional subsea vessel that can also be used as a supply ship. With such great demand for subsea operations, this Ulstein design is a highly sought after type of vessel. The ship can carry out seabottom operations worldwide and, with its ice class (ICE-C), is well suited for operating in arctic waters such as the Barents Sea. The vessel is 95 metres long, 20.5 metres wide and accommodates 87 people.

The newbuilding will be equipped with a ROV launching arrangement, a helideck and will also be prepared for installation of a large, heave compensated crane.