Morten Ulstein

Island Offshore exercises option to build second OECV at Vard

Fincantieri’s Norwegian subsidiary Vard is to build a second hybrid-powered Ocean Energy Construction Vessel (OECV) for Ulsteinvik, Norway, headquartered Island Offshore, which is majority owned by the Chouest and Ulstein families.

Island Offshore orders innovative ocean energy construction vessel

The new contract exercises the first of the two options for additional vessels included in the OECV order placed at Vard by Island Offshore in May. The vessels are being built to a new Vard 3 25 design...

https://www.marinelog.com/offshore/island-offshore-exercises-option-to-build-second-oecv-at-vard/

Island Offshore orders innovative ocean energy construction vessel

Island Offshore has placed an order at Fincantieri Group member Vard for a 120 meter ocean energy construction vessel that includes options for two further vessels. The vessels will be built to a new Vard 3 25 design, developed for the offshore energy industry’s transition from oil and gas to renewables.

“We are proud to present the next generation OECVs with versatile capabilities that will ensure long-term employment as the energies of the ocean evolve,” said Island Offshore chairman Morten...

https://www.marinelog.com/offshore/island-offshore-orders-innovative-ocean-energy-construction-vessel/