July 14, 2009
Ulstein Verft fills gap in production schedule
Norway's Ulstein Verft is to complete an AHTS that had been under construction at the bankrupt Karmsund Maritime Service AS. The contract to complete the vessel was awarded by state-run credit guarantee agency GIEK and Sparebank 1 SR-Bank. It helps Ulstein Verft fill a gap in its production schedule that opened after it agreed to delay delivery of two large X-bow seismic ships for Eidsvik.
The vessel that Ulstein will complete is a large anchor handling vessel for Solstad. The 4,500 dwt VS 490 AHTS measure 91 metres long by 22 metres wide, and will accommodate 58 people.
Work on the hull ended with Karmsund's bankruptcy in March. The vessel will now be towed to Ulstein Verft in mid-August. "Completing such a project is demanding, but with our expertise and capacity, Ulstein Verft is well positioned to carry it out," said Ulstein Verft managing director Karsten Sævik.
"Solstad was an important customer for Ulstein for years, and this allows us to resume the close collaboration we had previously," he added.
"Our arrangement with Eidesvik to delay build numbers 285 and 286 gave us an opening to take on more work in the period that build number 290 will now fill. The ship is scheduled for delivery in spring 2010. This job is important, particularly for our engineering department, which otherwise would have had less work after autumn 2009. The project will also be important for the yard's other areas," noted Mr. Sævik.
Eidesvik ordered the two SX120 seismic vessels in 2007. The ships were planned to be delivered in 2010 to be contracted by the world's largest seismic company, the merged CGG-Veritas, which asked for deliveries to be postponed because of market conditions. The first vessel, which was to have been delivered in March 2010 will be delivered in 2010, while the second vessel that was supposed to be delivered in June 2010 will be delivered in September 2011.