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Aker to Build the Ferries for Stena

Maritime Activity Reports, Inc.

November 9, 2006

Aker Yards has entered into a contract with Stena Rederi AB in Gothenburg (Sweden) to deliver two innovative Super Ferries. The value of the contract is approximately $510.6m. Deliveries are scheduled for the first and third quarter of 2010. The contract includes options for two further vessels of the same type. The basic design of these special ferries will take place in Finland and the building in Germany.

Although the yards traditionally serving the ferry business (Finland and France) were fully booked for the delivery dates requested by the client, Aker Yards with its17 yards co-operating across borders had the possibility to offer building of the ferries in Germany. Aker Yards, Germany has experience in building passenger ships and roro ferries, and the designer, Aker Yards, Rauma has experience in designing and building of passenger and car ferries for more than 20 years. The 62,000 GTships ordered will be 240 metres long and 32 metres wide. There will be 5,500 m trailer lanes and 700 m car lanes of vehicle space, and the passenger capacity will be 1,200 in each. With main engine output of 4 x 8,000 kW (4-stroke diesel engines) they will reach a service speed of 22 knots

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