Aker Yards and Color Line Signs Contract for Superspeed Ferries

Maritime Activity Reports, Inc.

December 15, 2005

The Letter of Intent for two Fast Passenger Day Ferries signed on 2 November by Aker Yards and Color Line will today be confirmed as a firm contract worth approx. EUR 250 million. The contract will be signed at a ceremony onboard M/S Color Fantasy in Oslo today, 11 am. The vessels to be delivered during 2007-2008 are intended for the Denmark-Norway services. The working title "Color Superspeed" indicates that the ferry is designed for a high service speed of 27 knots. The ca. 211 m long and 26 m wide vessels will each have 2,000 lane metres of vehicle space and take 1,800 passengers. The vessels will be built in Finland, at Aker Yards, Rauma, and means 1,600 man years of work for the shipyard.
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