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Aker MTW Acquires Order for Three Containerships

Maritime Activity Reports, Inc.

June 11, 2003

Aker MTW Werft (AMTW) in Wismar, Germany has acquired three orders to build container vessels, a joint development with Kvaerner Warnow Werft in Rostock-Warnemünde (Germany). The contract, worth $115M, is for three vessels that were ordered by Reederei Hartmann in Leer (Lower Saxony). The vessels which will be built in Wismar and Rostock-Warnemünde are due for delivery in the third and fourth quarters 2004. The contracts are subject to the settlement of financial issues by mid July 2003. The vessels of the type BALTIC CS 2500 are 207.4 m long and 29.8 m wide, with a deadweight of 33,900 t. They have a total container stowage capacity of 2,478 TEU with 400 reefer sockets for FEU. With a main engine output of about 21,500 KW the vessels have a service speed of 22 kn.

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