On Tuesday night, yard number 302, an offshore construction vessel for Island Offshore and Edison Chouest Offshore, was launched from the dock hall at Ulstein Verft shipyard in Norway.
Measuring close to 160 meters in length and with at beam of 30 meters, the vessel is the largest offshore vessel so far from Ulstein Verft.
The vessel is owned by Island Ventures II, a joint venture between Norway-based Island Offshore and US-based Edison Chouest Offshore (ECO). The vessel will be manage by ECO, hence the paint scheme and logo.
The vessel, which will be named Island Venture, is one of two ULSTEIN SX165 OCV design vessels ordered by Island Ventures II featuring Ulstein’s patented X-Bow hull design. The other ship is being built at ECO’s LaShip yard in Louisiana and is the first X-bow to be built in the United States.
Russia's Black Sea port of Novorossiysk temporarily suspended oil exports - equivalent to 2.2 million barrels per day, or 2% of global supply - on Friday, according to industry sources, after a Ukrainian missile and drone attack.
Ukrainian forces carried out an attack on a major Russian Black Sea port overnight, prompting a state of emergency, as Moscow launched a widespread air strike on Kyiv that killed at least six and damaged residential buildings.
Iranian Revolutionary Guard Corps naval forces have seized the Marshall Islands-flagged oil tanker TALARA approximately 20 nautical miles east of Khawr Fakkan in the United Arab Emirates, according to reports...
November 14, 2025
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