Aker to Build Anchor Handling Supply Vessel

Aker Yards has entered into a contract with DOF Installer ASA based on the options given in the contract between the parties of March 5, 2007. This is the first of two possible options in the connection of the previous contract for building of 2 + 2 AHTS vessels. The value of this contract is approximately $130m.

The vessel is an Anchor Handling Supply Vessel based on the Aker Yards design AH 04 CD. Delivery is scheduled in Q4 2010. The vessel will have a bollard pull in excess of 350 tons, and will be outfitted with a triple drum winch of 500 tons. Accommodation is planned for 90 persons.

The hull for the vessel will be built at Aker Yards, Tulcea in Romania and outfitted at Aker Yards in Norway. In the past DOF has been involved in more than 30 contracts with Aker Yards. With this contract, 14 of the vessels in order by DOF are of Aker Yards design.