The ULSTEIN® POWER Variable Speed Generator (VSG) has been designed to optimise power generation on marine vessels by dynamically adjusting its speed to match load requirements. Together with technical measures and overall ship design, the operational results on the CSOV Olympic Boreas show a record-low 2.7-tonne fuel consumption per 24 hours during a week of DP operations. 

Taking bold commercial risks on novel vessel concepts with a strong focus on sustainability has made Olympic a pioneering player in the offshore energy sector. Its latest investment in a pair of new-build Construction Service Operation Vessels (CSOVs) based on Ulstein Group’s innovative TWIN X-STERN® solution has paid off, with close to 50% reductions in fuel consumption and emissions to boost environmental performance.

13 November 2024: Ulstein is proud to announce the successful delivery of the Construction Service Operation Vessel (CSOV) Olympic Notos to Olympic. This state-of-the-art vessel marks a significant milestone in maritime innovation and excellence. “As a result of the findings from her sister ship, Olympic Boreas, the shipping company states that the vessels "operate with close to a 50% reduction in fuel consumption compared to other sailing CSOVs."

The Olympic Zeus, launched in 2009, introduced a hybrid power system, reducing fuel consumption by up to 70%. After reaching its 15th anniversary in 2024, it continues to set new fuel efficiency and environmental performance standards.

The Offshore Oil & Gas (OO&G) sector is experiencing a resurgence, driven by stable oil prices and a focus on efficiency and sustainability. This recovery has led to robust cash flows and new investments, especially in upstream activities, presenting an opportunity to integrate environmentally friendly practices.

9 October 2024: The second Construction Service Operation Vessel (CSOV) for Olympic, Olympic Notos, has successfully completed its sea trial. This marks a significant milestone in the vessel’s journey towards fully operational status, following in the footsteps of her sister vessel, the Olympic Boreas.

With over a century of history, Ulstein Group prides itself on its dedicated ship designers who are integral to the company. United by a mission of innovation, they strive to challenge conventional wisdom and develop new solutions that enhance customer value.

On 1 October 2024, the steel cutting ceremony for Ulstein Verft’s yard number 323 was held at the Crist hull yard. The Commissioning Service Operation Vessel (CSOV) is based on the award-winning TWIN X-STERN platform and has been designed by Ulstein Design & Solutions AS.

The newly delivered Construction Service Operation Vessel (CSOV) Olympic Boreas has been awarded the “Maritime Innovation of the Year” award by GCE Blue Maritime Cluster. Delivered in July, this state-of-the-art vessel was developed in collaboration with the shipowner Olympic and several of the companies in Ulstein Group.

Nexans' next state-of-the-art cable installation, the 'Nexans Electra' is another step closer to realisation. The grand block ceremony was celebrated on 10 September 2024 at CRIST, Poland. The vessel will be finalised at Ulstein Verft, Norway.

"Do you need to adjust your vessel for a new charter? Maybe add a mezzanine deck, calculate the deck strength or stability characteristics for a new crane? We are here to assist you," states project manager aftermarket, Roy Lindset, at Ulstein Design & Solutions AS.

On Wednesday, 21 August 2024, one month after the delivery of the Olympic Boreas, Ulstein Verft launched the second Construction Service Operation Vessel (CSOV) for Olympic; the Olympic Notos. Both vessels are built on the innovative TWIN X-STERN solution, a concept described as a '4-wheel-drive' for the seas.

On Friday, 16 August 2024, Shanghai Electric celebrated the combined naming and delivery of two Service Operation Vessels (SOVs) at ZPMC, Qidong base, China. The vessels are based on two different ship designs from Ulstein Design & Solutions AS and are the first purpose-designed vessels for the offshore wind industry in China.

The keel laying ceremony at Crist hull yard 06 August 2024 symbolizes that yard number 322 is one step closer to realization. The CSOV vessel, based on a TWIN X-STERN platform designed by Ulstein Design & Solutions AS, will be capable of performing a vast range of operations, including Operation & Maintenance and construction support.

The state-of-the-art 'Olympic Boreas' CSOV has been delivered to Olympic by Ulstein Verft on 25.07.2024. The vessel is the first of two sister vessels, based on the ULSTEIN SX222 design by Ulstein Design & Solutions AS.