Ulstein Group result 2024
Ulstein Group recorded revenues of NOK 3.1 billion and an operating profit of NOK 198.8 million in 2024.
We create tomorrow’s solutions for sustainable marine operations
Ulstein is a third-generation family-owned company and an internationally renowned provider of ship designs, shipbuilding and system solutions for ships.
We will keep turning visions into reality with our customers and pushing progress in the maritime industry.
Turning visions into reality
- Proud shipbuilder for more than a century
- 1917
- Vessels built at Ulstein Verft
- 323
- Vessel designs by Ulstein
- 164
How we make a difference
Ulstein has been able to spot and exploit new opportunities and sustain momentum through changing times in the maritime business for over a century.
Through hard work and creative enthusiasm, we will keep renewing ourselves and applying our expertise to benefit our customers.
We design and build state-of-the-art ships
From idea to delivery - we are turning visions into reality. We build vessels at our yard in Norway and offer site support at external yards.
We repair, convert and upgrade ships
Vessels need to keep up with regulatory requirements and stay competitive. We offer aftermarket and upgrade services to keep ships in shape.
We make vessels more effective
As a system integrator we provide power and automation solutions to make vessel operations greener and more cost effective.
Trust through experience
We have lived up to market expectations for over a century through creativity and innovation. In collaboration with clients, yards, suppliers and classification societies we have helped shape the maritime industry.
What do our customers want?
Our customers need a partner who can give them a competitive edge and help reduce risks. Through our systematic approach to innovation, we are a good partner. We will help our customers keep pace with changing standards and performance requirements – not only today’s needs but also future ones.
- Lowest possible lifecycle cost
- Cost-effectiveness related to fuel oil consumption and other resources is as crucial for the environment as it is for our customers. Less downtime for maintenance and further work is also essential. Shipowners must ensure that value creation and cost-effectiveness are optimised throughout the life cycle of their ships.
- Safety
- Accidents can cause injury among crew members, pollution and damage of property. Safety and the environment are not only ethical issues, but also a case of risk management. To our customers it is important that all parts of the value chain deliver products and services with environmental and safety focus.
- A partner you can trust
- Sticking to the agreed delivery time, quality and price are crucial. Shipowners and other players need equipment and services that ensure delivery precision – and they seek partners they know can deliver the right quality on time for their benefit.
News & featured articles
Press Release
Ulstein Group and Larsnes Mek. Verksted collaborate on the Norwegian Navy's new standard vessels
Ulstein Group and Larsnes Mek. Verksted are working together to deliver 28 standard vessels for the Norwegian Navy. This marks the beginning of a close collaboration between two of Norway's most experienced and modern shipyards, aiming to deliver the future naval vessels.
Press Release
Ulstein Digital joins Veracity by DNV partner network to advance sustainable maritime operations
Ulstein Digital, a newly established subsidiary of Ulstein Group, has officially joined Veracity by DNV’s partner network. The partnership enables seamless integration between Ulstein’s data platform and Veracity by DNV, automatically transferring validated MRV (Monitoring, Reporting, and Verification) data into DNV’s verification service. This automation significantly reduces manual workload, saving time and resources for maritime operators.
Press Release
Megamas contracts Ulstein Design & Solutions AS for cable-laying vessel design
4 June 2025: Megamas Resources announced a ship design contract with Norway-based Ulstein Design & Solutions AS to start the engineering phase on a fibre-optic cable-laying vessel (CLV) planned to be built at the Lloyd Werft Bremerhaven GmbH.
Feature
Mastering walk-to-work operations
The total number of walk-to-work (w2w) vessel designs and redesigns by Ulstein now count 22, of which 14 are currently in operation. In average, these vessels perform repair and maintenance on more than 5,000 turbines – every year!
That makes a stunning 95,000+ gangway connections!
Press Release
Totally three Ulstein ship designs win Work Boat World Awards for 2024
Three of Ulstein's designs are among the Work Boat World Awards 2024 winners. Tamhae 3 clinched the 'Best Large Research Vessel' award, Olympic Boreas was named 'Best CSOV', and JSD 6000 took home the 'Best Derrick Layer' accolade from Baird Maritime/Work Boat World. These awards celebrate the best vessels in their categories, judged on design, build quality, and functionality.
Press Release
Norwegian Frigate Programme: The only European alternative with major ripple effects for the Norwegian maritime industry
The collaboration between thyssenkrupp Marine Systems (tkMS) and Ulstein is a strategic boost for the Norwegian maritime industry, tkMS being one of four remaining contenders in a major maritime project. This is the only European alternative that includes building in Norway.
Update
Six months in: Olympic Notos achieves perfect client satisfaction score
Olympic's latest CSOV, the 'Olympic Notos', has been operational for six months since her delivery, and the feedback is outstanding.
Feature
Three times a lady: Ulstein’s Subsea Rock Installation Vessels
Subsea rock installation is essential for offshore projects, and for over twenty years, Ulstein Design & Solutions BV has been leading the way in vessel design.
Feature
Striking the balance
In today's evolving maritime industry, ship owners encounter challenges and opportunities. What options do you have when markets are unpredictable? Sometimes it's all about striking that perfect balance.
TURNING VISIONS INTO REALITY
We are a long-term partner working to ensure future competitiveness and sustainable growth.