Ulstein Group recorded revenues of NOK 3.1 billion and an operating profit of NOK 198.8 million in 2024. 

Oslo, 26 March 2025: At the Undersea Defence Technology conference, thyssenkrupp Marine Systems and Ulstein Verft signed a Letter of Intent to collaborate on delivering the Royal Norwegian Navy's next advanced frigates.

The Anchor Handling Tug Supply Vessel (AHTS) "Odin Viking" arrived at Ulstein Verft on 1 February 2025 to install a brand-new Launch & Recovery system (L-LARS) from Evotec, a supplier based in Ulsteinvik. The vessel were once again ready for new adventures on 30 March, after going through extensive installations and maintenance in a flexible project.

In a landmark deal, Ulstein Design & Solutions AS has secured its largest aftermarket design contract to date for the cable-laying vessel Orient Adventurer. The contract, awarded by Dong Fang Offshore (DFO), involves both basic design and engineering provided by several of the companies in Ulstein. 

Innovative deliveries for more sustainable operations.

"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.

"All-time high! That is how I would describe Ulstein Verft's aftermarket & service activities this year. The requests for dockings and upgrades are unparalleled," states Martin Sundgot Hansen, sales manager aftermarket at Ulstein Verft.

Ulstein Verft will convert the fish feed carrier Eidsvaag Pioner with a modern feed discharge system. This is a large and comprehensive project. A large part of the scope will mainly affect the steel and outfitting department but during its stay the project will at some point engage all the departments in Ulstein Verft.

From the Caribbean to the Antarctic, from the lab to the ship, the service engineers at Ulstein Power & Control face new challenges and opportunities every day. Their main tasks are to offer the best service and support for the control and power systems on board ships.

On Friday, 23 February, the feed carrier Eidsvaag Pioner arrived at Ulstein Verft. The vessel, belonging to Norway-based Eidsvaag AS, will undergo a significant overhaul, which will continue for approx. 4-5 months.

At the end of 2023, Ulstein Verft finished the conversion of the Fugro Resilience on time. Originally a platform supply vessel (PSV) of the ULSTEIN PX121 design, it has now been repurposed as a vessel for geotechnical operations. 

2023 marked a year of diverse achievements for Ulstein – from the drawing board to the open seas, delivering state-of-the-art vessels that embody our expertise and dedication.

The subsea vessel Island Constructor, build 279 from Ulstein Verft, will return to the yard in January 2024 for a service assignment. 

Three of the ten platform supply vessels in the Aurora Offshore fleet have been designed by Ulstein. During Ulstein's classification upgrades of the automation, power and communication system deliveries, the vessels have also been upgraded with shore power connection.  

Since July 2023, Shearwater GeoServices' newly converted dual ROV seismic vessel, the 'SW Tasman' has been in operational service, successfully working in a variety of weather conditions. Node tasks, previously conducted by two vessels, have, with the SW Tasman, been completed by one ship only. More space, easier access, and the work area solutions add to the crew's praise of the converted vessel.