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.
The prospect of a deal over Iran’s nuclear program saw oil fall sharply on Thursday. The reality is that Tehran has relatively little extra crude that it can bring back — but it could arrive in a market that’s gearing up for surplus.
Estonia said on Thursday that Moscow had briefly sent a fighter jet into NATO airspace over the Baltic Sea during an attempt to stop a Russian-bound oil tanker thought to be part of a "shadow fleet" defying Western sanctions on Moscow.
China’s widening trade surplus with the European Union is fueling fresh concerns that the 27-nation bloc risks becoming a dumping ground for cheap goods in the volatile tariff confrontation between Washington and Beijing.
May 15, 2025
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