In close collaboration with Heerema, Ulstein Design & Solutions BV has provided engineering services for integrating the innovative motion-compensated gripper frame (MCGF) on Heerema Marine Contractors’ ‘SSCV Thialf’. This technology is key to efficiently installing large monopiles for offshore wind farms, driving progress in the renewable energy sector. The semi-submersible crane vessel is essential in advancing offshore wind technology, aiding the construction of future wind farms essential for the global energy transition.

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. 

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 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.

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 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. 

In 2023, Ulstein Group recorded revenues of NOK 1.4 billion and an operating profit of NOK 49 million. The knowledge and experience Ulstein have gained through more than a hundred-year history have created a dynamic and flexible organisation that we now benefit from in the transition to a greener and gradually more fossil-free future.

The Construction Service Operation Vessel (CSOV) "Olympic Boreas", set for delivery from Ulstein Verft in 2024, has been nominated for the 'Ship of The Year' award by the jury of the maritime magazine Skipsrevyen. 

In November 2023, former CEO Gunvor Ulstein returned to Ulstein Group as acting CEO.  In an Ulstein Group Board meeting on 25 January 2024, she was appointed CEO of Ulstein Group.

On 19 January 2024, on the day four months after signing the shipbuilding contract, Nexans Marine Operations AS and Ulstein Verft could celebrate the start of the construction of Nexans’ next cable laying vessel. Attending the steel cutting ceremony at the Crist hull yard were representatives from Nexans, Ulstein Verft, DNV and Crist.

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. 

Ulstein Verft will construct two CSOVs based on the ULSTEIN SX222 design. The contracts have been entered into on behalf of institutional investors advised by J.P. Morgan Asset Management and include two additional options.

Green milestone: Ulstein Verft attains ISO 14001, Environmental Standard.

Ulstein Group CEO, Cathrine Kristiseter Marti, has decided to take on a new opportunity outside the Group and will resign from her position. Ulstein Group's former CEO, Gunvor Ulstein, will be constituted CEO from 29 November 2023.

Fulfilling the increasing needs of the offshore wind transportation sector