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MAN B&W Diesel and Kawasaki Heavy Industries Sign Order

Maritime Activity Reports, Inc.

June 10, 2005

Kawasaki will build two more MAN B&W Diesel 7S50MC-C two-stroke main engines for Norway. These engines are destined to power two 43,000 dwt chemical tankers built by the Kleven Florø yard for Stolt Nielsen. The engines will be delivered in February and August 2007 respectively. The yard order includes a complete propulsion package from MAN B&W Diesel. This consists of the MAN B&W Diesel 7S50MC-C two-stroke main engines, MAN B&W Diesel VBS1560-ODS controlable pitch propellers, MAN B&W Diesel Alphatronic 2000 control systems and tunnel gears. Otto H. Fritzner, Chief Executive Officer for Stolt-Nielsen Transportation Group, “We accepted the yard’s proposal for the propulsion concept, based on two-stoke engines, because it has proved to be simple, reliable and economical. The CPP plant offers enhanced manoeuvrability and the PTO system, from tunnel gear, increases the overall economy for onboard electricity production. Electricity production with the main engine is always a reliable and economical way for the ship-owner.” Gustav-Johan Nydal, Managing Director, Kleven Florø, “The main reason for selecting MAN B&W Diesel as propulsion plant supplier to the Stolt Nielsen newbuilding contract was the early delivery combined with the yard's excellent experience with the organisation and its good support. This included the ability and commitment to follow-up the complete propulsion system; main engine, propeller plant, power take off system and bridge control. We also have had in the past the best of experience with high quality engines manufactured by Kawasaki Heavy Industries.” Mr Ole Grøne, Senior Vice President for MAN B&W Diesel Sales and Marketing, wishes to acknowledge the contribution of all concerned: "I wish to congratulate everybody concerned in reaching this agreement. This continues the long and successful relationship between Kawasaki and MAN B&W Diesel that has been established since 1981."

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