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Aker Yards

Aker Yards to Build Two AHTS

Aker Yards has entered into a contract with an International Shipping Company, for building of two Anchor Handling Tug Supply Vessels of Aker Yards AH 12 design. The two vessels are scheduled for delivery in Q4 2010 and Q2 2011. The hull for the vessels will be built at Aker Yards in Romania and outfitted at Aker Yards in Norway. Roy Reite, who is in charge of Aker Yards' Offshore & Specialized Vessels business area, says: "This is an historic day for Aker Yards, both given the magnitude of the order and the type of vessel. We are proud to be given the opportunity to design and build the most powerful sister vessels in Aker Yards' history". The vessels will be equipped with a hybrid propulsion solution and will have a bollard pull in excess of 350 tons. The vessels are designed by Aker Yards Project and are designed for good sea keeping performance, low fuel consumption and environmental friendly operations. High standard accommodation is planned for 70 persons. Aker Yards' business area Offshore & Specialized Vessels now has in the orderbook 81 vessels, 14 of these are Anchor Handling Tug Supply Vessels of Aker Yards design. Fast facts Vessel type Anchor Handling Tug Supply Design Aker Yards Project / Aker AH 12 Length 94 m Beam 24 m Deadweight 5000 t Main engines 2 x 8000 kw Aux. engine 11000 kw Speed 17 knots Accommodation 70 persons


Sener Signs Foran Contract with Aker Yards

Aker Yards ASA has entered into a Contract with the Spanish company Sener Ingeniería y Sistemas S.A. for the implementation of FORAN System across the group's shipbuilding organization. The Contract was signed by Jørgen Berg (IT Vice President) on behalf of Aker Yards ASA, and by Luis Garcia (General Manager of the Marine Business Unit) on behalf of Sener. FORAN is already operating successfully at 7 sites of the group


Aker Yards to build AHTS for REM Offshore

Aker Yards has entered into a contract with REM Con AS a subsidiary of REM Offshore ASA for building of two AHTS vessels. The vessels are Anchor Handling Supply Vessels, based on the Aker Yards design AH 12. Delivery is scheduled in Q1 2010, and Q2 2010. The vessels will have a bollard pull in excess of 300 tons, and will be outfitted with a triple drum winch of 500 tons. Accommodation is planned for 70 persons.


Aker Yards to Build PSV for Island Offshore

Aker Yards has signed a contract with Island Offshore VIII KS, a company within the Island Offshore Group in Ulsteinvik, Norway, to deliver a UT 755 LN platform supply vessel. This is the 17th contract between the shipowner, Island Offshore in Ulsteinvik and Aker Yards. The hull for the platform supply vessel will be built in Romania and the vessel will be outfitted in Brevik. Delivery is scheduled for September 2007.


Management Change in Aker Yards

Mr Leif Borge, CFO, has accepted a position as CFO in Aker Kvaerner ASA and will for that reason leave Aker Yards at the end of his notice period. Recruitment of his successor has been initiated. Mr Borge has been CFO of Aker Yards since 2002. Mr Julin says in a comment: "I would like to take this opportunity to thank Mr Borge for the excellent work he has put down for Aker Yards so far. He has been instrumental in developing the company into its current form


Aker Yards signs Contract with Birka Line

Aker Yards Lifecycle Services and Birka Line have signed a contract for the refurbishment of the spa area on board the Birka Paradise. The contract is worth approximately EUR 2 million. The refurbishment is scheduled for completion in January 2008. The scope of work onboard the cruise ship Birka Paradise includes the extension and refurbishment of the spa area (treatment rooms, saunas, showers and other spa facilities).


Aker Yards Signs Contract with Birka

Aker Yards Lifecycle Services and Birka Line have signed a contract for the refurbishment of the spa area on board the Birka Paradise. The contract is worth approximately $2.7m. The refurbishment is scheduled for completion in January 2008. The scope of work onboard the cruise ship Birka Paradise includes the extension and refurbishment of the spa area (treatment rooms, saunas, showers and other spa facilities). This is the fourth spa refurbishment contract won by Aker Yards in the last


Aker Yards to Build Supply Vessels for Farstad

UT 751 E platform supply rendering Aker Yards has signed a contract with Farstad Supply AS, a company within Farstad Shipping ASA in Ålesund, Norway, to deliver one UT 751 E platform supply vessel and one UT 712 L anchor handling tug supply vessel. The total value of the contract is approx NOK 570 million. This is the 18th and 19th contract between the shipowner Farstad Shipping and Aker Yards. The hulls for the vessels will be built in Romania and outfitted at Aker Yards, Brevik


Aker Yards and Brittany Ferries Cofirm Order

The Letter of Intent (LOI) for a RoRo-passenger ferry signed on December 23 by Aker Yards and the French company Brittany Ferries was today confirmed as a firm contract worth approximately 110 million euro. The vessel will be delivered from Aker Yards, Finland in October 2008. The present orderbook of Aker Yards includes another order from Brittany Ferries, i.e. a trailer ropax worth EUR 80 million to be delivered in autumn 2007.


Andersen Named Head of Corporate Communications for Aker

Torbjørn Andersen has been employed as head of Corporate Communications and Investor Relations in Aker Yards. Andersen comes from a position as head of Corporate Communications in Aker Kværner. Tore Langballe, head of Corporate Communications and IR has accepted a position as SVP Corporate Communications in PGS ASA. He will be succeeded by Mr Torbjørn Andersen. Andersen was head of Corporate Communications in Aker Kvaerner until 31 December 2007. Mr


Nyda New Chairman, CEO at Davie Yards

Davie Yards Inc. (TSX:DAV) announced that Gustav Johan Nydal will be joining the corporation as President and CEO. Nydal-who has extensive experience in the marine industry-is taking over for Steinar Kulen, who will become Chairman of the Board of Davie


Kjelstad Appointed EVP of Aker Solutions

Karl Erik Kjelstad has been appointed executive vice president and member of the executive management team at Aker Solutions. Kjelstad will lead the development of the strategic initiative related to oilfield services and the company's fleet of marine vessels


STX Europe Refinances Credit Facility

STX Europe has refinanced its revolving credit facility. The new facility is a 3 year financing of $86.8m, provided by Nordea. Woori Bank of Korea, is participating with 50 percent. "For a capital intensive industry like ours, where we continuously take on and complete new shipbuilding


Aker Yards Now STX Europe

Aker Yards, builder of cruise and offshore vessels, changed its name to STX Europe. The name change reflects the entry of the South Korean-based STX Business Group as principal shareholder in the company during summer 2008. Effective Nov. 3, the international shipbuilding group Aker Yards


Wärtsilä Powers 5 Aker Yards Vessels

3D drawing of the LNG-fuelled Platform Supply Vessel being built at the Aker Yards facility at Søviknes, Norway

Wärtsilä Powers 5 Aker Yards Vessels Wärtsilä has signed major contracts with Aker Yards AS Søviknes and Aker Yards AS Trading - the recently established project development arms of the Aker Yards Group - for the supply of propulsion equipment for five offshore vessel


MAN Diesel Logs Historic Order

In this way, the engine’s end user, based P&O Ferries is anticipating the 2011 implementation of the second stage of the IMO MARPOL 73/78 Annex VI emissions regulations. Worth over $46.3m, the contract centering on the 48/60CR was signed by Jari Kujala, Purchasing Manager


Aker Yards Names New COO

Aker Yards has appointed Sang-Ho Shin as Chief Operating Officer (COO).   Shin comes from a position as vice president of STX Shipbuilding in , where he has been chief for the Jinhae shipyard. Sang-Ho Shin has held several senior management positions within the STX group since 1980


Buoyant Industry, but Analysts Worry about Acquisition Boom

Samsung Heavy Industries' overcrowded shipyard boasts about 40 months' worth of orders, yet analysts say that the seemingly buoyant shipbuilding industry may soon be heading into a multiyear downturn, and that bold efforts to buy up other shipbuilders - currently led by Hyundai Heavy Industries


STX Group Sales Rise

The STX Group said it expects to meet this year's sales target of $24b, thanks to earnings from its affiliates STX Pan Ocean Co. and STX Shipbuilding Co. In the first-half of this year, STX's group-wide sales stood at 13.2 trillion won, up 87 per cent from the same period last year, reports said


Aker Yards to Build Two for MSC

Aker Yards and MSC Cruises have signed a contract for building two cruise ships of Musica-class. The vessels will be built at Aker Yards, and delivered in February 2011 and February 2012, respectively. The contract is still subject to financing.


Aker Yards Weigh STX Bid

Aker Yards shipbuilding said that a 1.3-billion-dollar bid by STX of South Korea underrated the company's potential, but advised shareholders to accept against a background of weak results, AFP reported. The group reported a temporary slowdown of cruise-liner construction and downgraded its


Aker Yards to Build Ferries for P&O

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Aker Yards and P&O Ferries have signed a contract for building two car-passenger ferries for the Dover-Calais service. The total contract price for both vessels is approximately EUR 360 million. The vessels are scheduled for delivery in 2010 and 2011 respectively


Aker, FLC Transaction Complete

Aker Yards and FLC West have completed the previously announced transaction in which FLC West comes in as a 70 percent shareholder in three shipyards in Germany and Ukraine. The agreement has been approved by all relevant regulatory authorities


Rolls-Royce wins Specialist Vessel Order

Rolls-Royce has won a $33.4m follow-up order to design and equip a specialist well intervention vessel. The latest order, from Island Offshore, follows the successful delivery of the first well intervention vessel, Island Wellserver, in March this year.


AKY Receives Mandatory Offer from STX

Reference is made to the announcement by STX concerning the mandatory offer for all issued shares in Aker Yards ASA at a price of NOK 63 per share. Aker Yards' Board of Directors has not been advised of the details of the bid prior to the launch of the offer to the market and the shareholders






 
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