Two new Ulstein PSVs ordered

ULSTEIN has announced shipbuilding contracts for two new platform supply vessels (PSVs) for its investmetn arm Blue Ship Invest.

The vessels are of the PX121 design (pictured) and are scheduled for delivery from Ulstein Verft Q1 2015.

Ulstein Verft currently has seven vessels on order. In total, ULSTEIN has sold 20 designs of the PX121 design and the two new vessels will be number nine and ten of this design type to be constructed at Ulstein Verft.

The first six of these types of vessels were delivered from Ulstein Verft during 2012-13. All are now at work in the North Sea.

"PX121 has become a success, and many such ships have now been constructed at our own and at external yards. It is gratifying to see that we succeed in our efforts to bring new products into the market," says CEO Gunvor Ulstein.

"Our expertise is in developing new solutions within ship designs, system solutions and ship construction. Blue Ship Invest is an investment company within Ulstein Group, but as ship operation is not one of our focus areas, our plan is to sell these two vessels."

In the North Sea, these PSVs are considered medium-sized, but ULSTEIN says they have a capacity and performance that approaches those of larger PSVs and they can take on most of the tasks usually handled by slightly larger PSVs.

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