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.