Transas Chosen for Ferry Newbuilds

Transas signed a contract with Uljanik shipyard, Croatia, to equip four ferry new buildings with its onboard navigation systems. The contract will be implemented before the 2006 and the first ferry is scheduled for commissioning at the beginning of 2005. Each ferry will be fitted out with GMDSS equipment, ARPA/Radar system, Automatic Identification System, autopilot, gyro- and magnetic compasses, log, echo sounder, Global Positioning System (GPS) and Ship Security Alert System (SSAS). The new sea train-ferries will operate in the Caspian Sea basin, and will significantly improve freight services in the area of the North - South transport corridor from India to North Europe through Iranian and Russian territories. Cooperation with Croatian shipyards started for Transas in 2002. That year, Transas concluded a 1-million Euro contract with Brodosplit Shipyard to install the complete Transas new-generation electronic chart and information system, Navi-Sailor 3000 ECDIS, on board two 108,000 tons displacement tanker new buildings.