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Aker Finnyards to Convert Finnjet

Maritime Activity Reports, Inc.

October 27, 2003

Aker Finnyards and Silja Oyj Abp signed on October 23 a LOI on the docking and conversion of GTS Finnjet. The work will commence in May 2004 and means 100 man years of work for the yard. There will be considerable technical modernisation and improvement onboard, according to Central European trends. The plan for renewing the passenger spaces has been made by Partner Ship Design architects, specialised on cruise vessels. Aker Finnyards has in the recent years made conversions of Silja´s other vessels, too: Wasa Queen, Silja Europa, Silja Festival. The conversion work is estimated to six weeks. GTS Finnjet will start sailing on route Rostock-Tallinn-StPetersburg in June 2004.

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