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First Order for New Containership Series

Maritime Activity Reports, Inc.

October 14, 2005

Nordseewerke GmbH, a company of ThyssenKrupp Marine Systems, received to new orders for a 3,400 TEU container ships. These orders mean the development, design and building of a new generation of compact container ships with a capacity from 3,100 to 3,700 TEU. The contractor of this order is the GEBAB, which is based in Meerbusch. A total of 28 container ships have been delivered to GEBAB since 1987, and 11 additional ships are still to be built by the ThyssenKrupp Marine Systems’ shipyards based in Emden, Kiel and Hamburg. The owner of the two new ships is the shipping company Martime GmbH in Elsfleth. This new order has been made possible by an additional collective labour agreement between the business management and the works council of Nordseewerke, and the IG-Metall union as well. Among other things, this agreement includes a so-called innovation wages agreement that means that the employees of Nordseewerke bear a part of the costs for the development and building of the new container ship series. The new ships with the yard numbers 556 and 557 will be built according to GERMANISCHER Lloyd regulations

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