OCTOBER 23, 2013 — Norwegian shipbuilder Kleven has won its largest contract yet. Worth NOK 1.4 billion ( about $236.7 million), it comes from Haugesund based shipowner Østensjø Rederi and covers the building of a 150 m long offshore construction vessel of SALT 304 OCV design. The vessel will be equipped with a 400 t crane, a 70 t crane, vertical lay system and carousel.

"It is very positive that we can have this vessel built in Norway. Our former experience with Kleven is good, and we look forward to continue the cooperation. Kleven is a highly competent and innovative shipbuilding company," said Johan Rokstad, CEO of Østensjø Rederi.

"It is a great pleasure for us to be able to welcome Østensjø back to Kleven, ten years after our last delivery to them," said Ståle Rasmussen, CEO of Kleven.

"We operate in a highly competitive international market, and it is very satisfying that we win contracts to build extremely advanced vessels like this. We have made large investmenst over the past few years to ensure that we can continue the proud shipbuilding traditions we have, and parts of this vessel will be produced on our new robotized welding line in Ulsteinvik," Mr. Rasmussen said.

The vessel is to be delivered from Kleven's Ulsteinvik, Norway, shipard in Q1 2016, and will enter into a long time chart for Deep Ocean.