Norwegian shipbuilding group Ulstein has announced the delivery of its largest offshore construction vessel (OCV) to date, the Island Venture.
The OCV was delivered this past Tuesday from Ulstein Verft. The vessel has a length 160 meters and a beam of 30 meters.
The Island Venture is designed for operations such as IMR, ROV services, well intervention, and drilling. It was originally designed to measure 147.5 meter long with a beam of 28 meters, but was upgraded to 160 x 30 meters after a decision to increase the deck area and the tank capacity. It comes equipped with 140 ton crane with 3,000 meters wire installed, as well as a 400 ton crane that can operate at up to 4,000 meters. The vessel also has three moon pools – two for ROVs and one construction moon pool of 12 x 11.2 meters, and can accommodate up to 200 people. Design for the vessel was provided by Ulstein Design & Solutions AS.
If the pain scheme looks familiar to you that’s because the vessel is owned by Island Ventures 5 LLC, a joint venture between Island Offshore (Norway) and Edison Chouest Offshore (USA), the latter of which will managed vessel..
The Island Venture was one of two OCVs ordered by the joint venture in November 2013. The second vessel was to built at Edison Chouest’s LaShip shipyard in Louisiana.
When ordered the Island Venture was originally due for delivery in June 2014.
U.S. President Donald Trump and Chinese President Xi Jinping on Thursday took steps to de-escalate their trade war, swapping some U.S. tariff reductions and tighter export controls for a pause in Beijing's new restrictions on rare earth minerals and magnets and a resumption of its purchases of American soybeans.
Marilyn Hubalde still remembers the first time she heard the thunderous chop of military helicopters swooping over this northernmost outpost of the Philippines, less than 90 miles from Taiwan. It was April 2023, when Filipino and American troops descended on the cluster of 10 emerald green islands of Batanes province for amphibious warfare drills.
By Weilun Soon (Bloomberg) — An India-bound tanker filled with Russian crude reversed course and is now idling in the Baltic Sea, a sign of potential disruption in oil trade between...
October 30, 2025
Total Views: 1216
Get The Industry’s Go-To News
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
— just like 107,067 professionals
Secure Your Spot
on the gCaptain Crew
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
— trusted by our 107,067 members
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.