SMIT has reached an agreement with Damen Shipyards from the Netherlands for constructing 11 newly built vessels. Two of these vessels (type ASD 3211, 65 tons bp) have been awarded with a long-term contract for the Terminals Division in Equatorial Guinea and will be delivered in respectively September and December 2007. Four vessels (type ASD 2810) are replacements for the Harbor Towage fleet in Rotterdam. These vessels will be equipped with a substantially higher bollard pull (60 tons bp). Two of these vessels will be delivered in respectively 2007 and 2008. An additional five vessels of the ASD 2810 type (60 tons bp) will be deployed as replacement for and expansion of the divisions’ worldwide fleet. Two vessels will be delivered in 2007 and three in 2008.