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Aker Yards to Build Supply Vessels for Farstad

Maritime Activity Reports, Inc.

March 27, 2006

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. Delivery of the vessels are scheduled for December 2007 and March 2008.

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