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ISLAND OFFSHORE SHIPPING AS982 838 800

Shipping
Limited company
Stålhaugen 9 6065 ULSTEINVIK, Norge
Transport
/ Shipping
/ 50.203 Tugs

ISLAND OFFSHORE SHIPPING AS

Operating
Utvikling av shippingprosjekter, administrasjon av skipseiende selskaper, samt virksomhet som naturlig hører til denne type virksomheter.

Keywords

transporttugtugsshipsbargesfloating installations

Organization

Chairman of the board
MU

Morten Ulstein1953

Years since formation
25 years
since Jan 15, 2001
Type
Limited company
VAT registered
Yes
Number of employees
0

Ownership

Number of shares and share classes
200
1 share class
Total number of shareholders
1
company
Belongs to group of

Financials

Total operating income 2025
228,730,403
NOK
Annual total result 2025
6,460,472
NOK
Last update: Jul 28, 2026

Management

Board

NameRoleShares
MU

Morten Ulstein

1953

Chairman
20 %
indirectly
HU

Håvard Ulstein

1959

Board Member
20 %
indirectly

Others

NameRoleShares
B
BDO AS
Auditor-
H
HASUND AS
Accountant-

Top 10 individual shareholders

NameRoleShares
MU

Morten Ulstein

1953

Chairman
20 %
indirectly
HU

Håvard Ulstein

1959

Board Member
20 %
indirectly
SI

Svein Idar Ulstein

1963

-
20 %
indirectly
IM

Ingunn Merete Ulstein Botnen

1955

-
20 %
indirectly
HU

Henning Ulstein

1956

-
20 %
indirectly
Last update: Apr 13, 2023

Ownership

Company shareholders

NameShare classTotal number of sharesShare
B
BORGSTEIN AS
Ordinary shares
200
100 %

Shares owned by the ISLAND OFFSHORE SHIPPING AS

NameShare classTotal number of sharesShare
I
ISLAND DILIGENCE AS
Ordinary shares
51,562
30.31 %
Last update: Jun 2, 2025

Group structure

  • BORGSTEIN AS
    Total operating income 2024: NOK 61,461,224
    Operating profit 2024: NOK 31,371,556
    Employees: 13

Financials

in NOK

Summary

Year20252024202320222021
Total operating income
228,730,403
0
0
81,499,448
259,827,917
Annual Total Result
6,460,472
-24,748
115,130
-906,827
3,746,790
Total assets
0
90,924,155
82,311,661
93,797,581
224,977,814
Total liabilities
0
74,217,630
65,537,466
77,224,564
201,293,870
Total equity
0
16,706,526
16,774,195
16,573,017
23,683,944

P&L

Year20252024202320222021
Total operating income
228,730,403
0
0
81,499,448
259,827,917
Total operating costs
215,986,249
192,275
384,761
83,986,201
255,492,072
Operating result
12,744,154
-192,275
-384,761
-2,486,754
4,335,845
Financial income/costs
-4,144,823
179,633
586,446
1,361,648
506,225
Profit before tax
8,599,331
-12,642
201,685
-1,125,106
4,842,070
Total tax & extraordinary income/cost
2,138,859
12,106
86,555
-218,279
1,095,280
Annual Total Result
6,460,472
-24,748
115,130
-906,827
3,746,790

Balance overview

Year20252024202320222021
Total fixed assets
0
76,912,109
78,997,492
78,431,249
77,865,006
Total current assets
0
14,012,046
3,314,169
15,366,332
147,112,808
Total assets
0
90,924,155
82,311,661
93,797,581
224,977,814
Short term debt
0
14,763,160
3,060,497
14,747,594
138,770,116
Long term debt
0
59,454,470
62,476,970
62,476,970
62,523,754
Total liabilities
0
74,217,630
65,537,466
77,224,564
201,293,870
Contributed capital
0
16,706,526
16,774,195
16,573,017
17,044,564
Retained earnings
0
0
0
0
6,639,380
Total equity
0
16,706,526
16,774,195
16,573,017
23,683,944
Total equity and liabilities
0
90,924,155
82,311,661
93,797,581
224,977,814

Classification

21st company classification
BETA
Industrial large enterprise
Category
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises
Standard industrial classification
H
Main industrial area
Transportation and storage
50
Activity
Water transport
50.2
Main industrial group
Sea and coastal freight water transport
50.20
Industrial group
Sea and coastal freight water transport
50.203
Industrial group
Tugs