Norway: Agreement Reached on Management of Blue Thunder

Blue Ship Invest, a wholly-owned company in Ulstein Group, has entered into an agreement with Atlantic Offshore on management of ‘Blue Thunder’, the fourth of six platform supply vessel of ULSTEIN’s PX121 type design. Currently under construction at Ulstein Verft, the vessel is scheduled for delivery in April 2013.

The agreement includes commercial and technical management.

Atlantic Offshore also has a management agreement for for the sister vessel, ‘Blue Power’, which is soon to be delivered from Ulstein Verft.

ULSTEIN PX121 has been developed with a view to the general PSV market trends. Ulstein’s goal was to present a vessel that has capacities, and performance, close to the larger PSV segment while still at a cost that will provide excellent value-for-money to the owner/operator. The vessel is designed for environmental friendly operations. The vessel is certified by Det Norske Veritas according to the latest rules for class Clean Design. A Green Passport is issued.

The hull form, with the ULSTEIN X-BOW®, combined with diesel electric propulsion system, ensures the best performances with regard to fuel consumption, sea keeping, station keeping, and speed.

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Press Release, February 11, 2013