Scana Industrier Receives Turret Equipment Order

Maritime Activity Reports, Inc.

December 15, 2014

Scana Industrier ASA has through its subsidiary Scana Offshore Vestby, signed a letter of intent (LOI) for delivery of a FSO turret pull-in and locking system to Knutsen OAS Shipping AS / KNOT FSO1 AS. The FSO is a converted Shuttle Tanker in the Knutsen Fleet. Project work will commence immediately and final contract will be signed early 2015.
The equipment is developed in cooperation with Cefront Technology AS.
This is the first contract Scana has signed directly with Knutsen OAS Shipping.
Delivery is scheduled for the fourth quarter of 2015.
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