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Aker Yards Wins PSV Contract

Maritime Activity Reports, Inc.

November 9, 2005

Aker Yards has confirmed an optional agreement with Volstad Shipping AS, Ålesund, for the building of a Platform Supply Vessel worth approximately $38 million. Delivery is scheduled for September 2007 from Aker Yards, Brattvaag. The vessel has the designation ST 216 L-CD by Skipsteknisk AS, with focus on environmental friendly and safe operations. The hull will be built in Romania. Fast facts: Vessel type ST 216 L-CD, PSV Contract value Approx. $38 million (NOK 250 million) Yard Aker Yards, Brattvaag Delivery time September 2007 Length and width 306 ft (93.4 m) x 63 ft (19.2 m) Design Skipsteknisk AS Cargo capacity 5,000 tons

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