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Unitor Secures Significant Orders

Maritime Activity Reports, Inc.

February 24, 2000

Unitor, Norway's international ship supply specialist, has garnered its largest ever single order for ships equipment with a $6.8 million contract from Poland's Stocznia Szczecinska SA (Szczecin Shipyard) for nitrogen generator systems for eight 40,000-dwt chemical tankers under construction at the yard. The order encompasses the delivery of Unitor's 35-ton, hollow-fibre, air separation nitrogen generator system, to each tanker comprising four 360 kW compressors and nitrogen generators producing 3,750 cu. m. of 95 percent pure nitrogen/hour. The eight IMO Class II vessels, which are reportedly the most sophisticated of their type, will be delivered between January 2001-June 2003. The company's marine contracting division also landed insulation contracts by various U.K. customers worth more than $5.7 million. Various works will be performed by Unitor for British Aerospace Engineering, Ferguson Shipbuilders and Ailsa-Troon.

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