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Aker Finnyards Lands Cruise Ferry Order

Maritime Activity Reports, Inc.

August 30, 2000

Aker Finnyards and Estonian Hansatee Group came to an agreement for the construction of a new $150.8 million cruise ferry for the Gulf of Finland traffic. The 623 ft. (189.8 m) vessel, with a beam of 94 ft. (28.8 m) will be able to hold 2,500 passengers and 1,000 lane meters. Scheduled for delivery in May 2002, the 40,000-gt ferry will be powered by four diesel engines totaling 26,000 kW with a service speed of 22 knots.

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