GREEN ISLAND SHIPHOLDING AS

Island Offshore

Island Offshore owns an extensive fleet of offshore service vessels with a range of capacities. Skilled professionals operates our vessels worldwide. Learn more about our services here!,Island Offshore owns an extensive fleet of offshore service vessels with a range of capacities. Skilled professionals operates our vessels worldwide. Learn more about our services here!

Keywords

offshoresupplyservice servicessea transporttechnical personnelfloating installationsequipmentgoodsoffshore operations

Organization

Chairman of the board: MU
Morten Ulstein1953
Years since formation: 3 years; since Mar 19, 2021
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 1,000; 1 share class
Total number of shareholders: 6; 5 companies, 1 person
Belongs to group of

Financials

Annual total result 2023: 64,100,726; NOK
Total equity 2023: 131,653,745; NOK

Last update: Aug 29, 2024

Management

Board

Name	Role	Shares
GH Gustav Hasund 1985	Contact Person	-
MU Morten Ulstein 1953	Chairman	5.85 % indirectly
HU Håvard Ulstein 1959	Board Member	10 % indirectly
GJ Gary J Chouest 1944	Board Member	-
DD Dino David Chouest 1969	Board Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
H HASUND AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
HU Håvard Ulstein 1959	Board Member	10 % indirectly
SI Svein Idar Ulstein 1963	-	10 % indirectly
IM Ingunn Merete Ulstein Botnen 1955	-	10 % indirectly
HU Henning Ulstein 1956	-	10 % indirectly
MU Morten Ulstein 1953	Chairman	5.85 % indirectly
IM Ingrid Margrethe Ulstein 1985	-	4.15 % indirectly

Last update: Oct 26, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
R Rig Invest Llc	Ordinary shares	500	50 %
H HENNA INVEST AS	Ordinary shares	100	10 %
R REITEN AS	Ordinary shares	100	10 %
E EXCALIBUR AS	Ordinary shares	100	10 %
M MIMAR AS	Ordinary shares	100	10 %
K KNIVEN INVEST AS	Ordinary shares	100	10 %

Shares owned by the GREEN ISLAND SHIPHOLDING AS

Name	Share class	Number of shares	Share
G GREEN ISLAND PSV AS	Ordinary shares	30	100 %
G GREEN ISLAND CHAMPION AS	Ordinary shares	30	100 %
G GREEN ISLAND OI III AS	Ordinary shares	30	100 %
G GREEN ISLAND ENERGY II AS	Ordinary shares	30	100 %
G GREEN ISLAND CONDOR AS	Ordinary shares	30	100 %
G GREEN ISLAND ENERGY AS	Ordinary shares	30	100 %
G GREEN ISLAND DRAGON AS	Ordinary shares	30	100 %

Last update: May 24, 2024

Group structure

GREEN ISLAND SHIPHOLDING AS
Total operating income 2023: NOK 0
Operating profit 2023: NOK -964,278
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	0	59,989,035	0
Annual Total Result	64,100,726	76,517,736	2,333,753
Total assets	143,739,591	131,178,776	11,403,313
Total liabilities	12,085,846	53,625,757	368,030
Total equity	131,653,745	77,553,019	11,035,283

P&L

Year	2023	2022	2021
Total operating income	0	59,989,035	0
Total operating costs	964,278	60,600,028	217,699
Operating result	-964,278	-610,992	-217,699
Financial income/costs	64,776,442	76,993,757	2,551,452
Profit before tax	63,812,164	76,382,764	2,333,753
Total tax & extraordinary income/cost	-288,562	-134,972	0
Annual Total Result	64,100,726	76,517,736	2,333,753

Balance overview

Year	2023	2022	2021
Total fixed assets	26,075,883	25,752,356	8,751,600
Total current assets	117,663,708	105,426,420	2,651,713
Total assets	143,739,591	131,178,776	11,403,313
Short term debt	12,085,846	53,625,757	368,030
Long term debt	0	0	0
Total liabilities	12,085,846	53,625,757	368,030
Contributed capital	8,701,530	8,701,530	8,701,530
Retained earnings	122,952,215	68,851,489	2,333,753
Total equity	131,653,745	77,553,019	11,035,283
Total equity and liabilities	143,739,591	131,178,776	11,403,313

GREEN ISLAND SHIPHOLDING AS926 829 408