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Aker To Construct Car-Passenger Ferry

Maritime Activity Reports, Inc.

January 13, 2000

Aker Finnyards and the Greek G A Ferries have signed a letter of intent for the building of a new car-passenger ferry for short international routes and Greek domestic traffic. The letter also includes an option for another vessel. The new vessel, which will be delivered in spring 2001 will boast a length of 492 ft. (150 m) and a beam of 82 ft. (25 m). Propulsion by four diesel engines totaling 50,000 kW will provide a speed of 29 knots. G A Ferries, operator of 10 vessels, intends to go public in Athens this year.

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