Three shipbuilding contracts exceeding 400 million DM became effective last week at Lübeck, Germany based Flender Werft
. The contracts include a RoRo passenger ferry for Smyril Line of the Faroe Islands, which will be built in accordance with the plans and documents of Flensburger Schiffbau-Gesellschaft. In addition, a pair of 3,600-TEU containerships will be built for Hamburg-based shipowner Claus-Peter Offen. These newbuildings will be initiated directly following the Superfast Ferries currently
under construction at the yar, and will keep the yard fully occupied to the start of 2003.