Marine Log

X-bow construction vessel

October 2, 2006

Eidesvik orders X-bow vessel

Norway's Eidesvik Offshore ASA has entered into a contract with Ulstein Verft AS for delivery of a large Subsea Construction vessel, type SX SX121 with the innovative Ulstein X-BOW hull.

A limited partnership company (Kommadittselskap), controlled 60% by Eidesvik Offshore ASA and 40% by others, is the buyer. The value of the contract is approximately NOK 660 million (about $100 million) including an offshore crane.

The vessel will be delivered in November 2008.

The new vessel is an inspection-, maintenance-, repair- and construction vessel (IMR/OCV) with a length overall of 120.2 m, breadth of 25 m and a large cargo deck area of 1470 square meters.

The vessel has accommodations for up to 90 persons and will amongst others be equipped with a moonpool, an active heave compensated offshore crane, ROV-hangar, diesel-electric machinery and a helicopter deck.

The construction vessel is the first ship Eidesvik has ordered from the Ulstein Group.