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ABB Wins $45M in Propulsion Contracts

Maritime Activity Reports, Inc.

March 18, 2004

ABB in Norway has secured new contracts worth $45 million for delivery of complete electric propulsion systems to two icebreakers to be built for CJSV Sevmorneftegaz by the Norwegian shipyard Havyard Leirvik, and four Platform Supply Vessels to be built in China for Groupe Bourbon by Zhejiang Shipbuilding. The contracts with Havyard Leirvik encompass system supply to two multifunctional icebreaking offshore supply vessels for the Russian company CJSV Sevmorneftegaz. For each vessel, ABB will deliver a main propulsion package including Azipod propulsion system and a complete onboard electric power plant. The ships will be delivered in 2005 and 2006 for service in the Prirazlomnoye oil field in the Barents Sea. To Zhejiang Shipbuilding, ABB will supply a comprehensive equipment package including electric power, propulsion, dynamic positioning and automation systems for four new supply ships for French shipowners Groupe Bourbon. This order is an extension of a contract from 2003 that now includes deliveries to a total of 8 sister ships scheduled for completion in 2005 and 2006.

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