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Aker Yards Enters Chem Tanker Market

Aker Yards signed an agreement with Kleven Maritime to acquire Kleven Florø AS, and Kleven Design AS. Both entities are located in Florø, Norway. The acquisition strengthens Aker Yards' Merchant Vessels Business Area by adding a product range of highly specialized chemical tankers, meeting customer demand and new regulatory requirements. The previously announced joint venture with Damen Shipyard Group in Ukraine creates an opportunity for Aker Yards to develop a new highly competitive line of chemical carriers in combination with Kleven tanker know-how. Aker Yards has agreed to acquire Kleven Florø and Kleven Design at a price of $9.5m including debt, based on a working capital of zero.