Aker Yards Wins PSV Contract

Aker Yards has signed a contract with Island Offshore VI K/S, a company within the Island Offshore Group in Ulsteinvik, Norway, to deliver a UT 776 E platform supply vessel. The value of the contract is NOK 235 million. This is the 16th contract between the shipowner, Island Offshore Group in Ulsteinvik and Aker Yards. The hull for the PSV will be built in Romania. Delivery of the vessel is scheduled for March 2007.