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Keel Laying of Color Line’s Second Cruise Ship

Maritime Activity Reports, Inc.

August 9, 2006

The keel of the cruise ship to be named Color Magic was laid at Aker Yards. Both Chairman of the Board Olav Nils Sunde and CEO Trond Kleivdal from Color Line were present, hosted by Yrjö Julin, President of Aker Yards, Cruise & Ferries. The contract of building this vessel, worth $418m, was signed on May 27, 2005, and secures work at the yard for about 1,200 man-years, and about the same number for outside sub-contractors and still more for suppliers of material and components. MS Color Magic will be built partly at the yard in Turku, and partly at the yard in Rauma. Delivery will take place in Rauma in autumn 2007. The vessel to start traffic the route Oslo - Kiel as from the fourth quarter 2007 will be Color Line s second cruise ship with car deck. The sister ship Color Fantasy was delivered from Aker Yards in December 2004. The over 75,000 grt vessel will measure at 223.7 x 35 m.

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