Repeat Order From Klyne Tugs

November 28, 2001

Yantai Raffles Shipyard is pleased to announced that Klyne Tugs ( Lowestoft ) Limited, UK have placed an order with the shipyard to build a repeat UT719-T 67m Anchor Handling Towing Supply Vessel. The contract was signed on November 23 in Yantai by Carl Beare,managing director of Klyne Tugs and Brian Chang – Chairman/CEO of Yantai Raffles Shipyard. “ We are extremely pleased to receive a repeat order from Klyne Tugs and it is our desire to deliver once again a quality vessel. ( The first vessel was named as “ Anglian Princess “ . We would like to place on record our appreciation to Mr. Carl Beare for his continued support and confidence in Yantai Raffles Shipyard. Our excellent relationship with Klyne Tugs will continue for many years to come. - Brian Chang, Chairman/CEO

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