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Aker Yards to Build Two AHTS

Maritime Activity Reports, Inc.

August 31, 2007

Aker Yards has entered into a contract with an International Shipping Company, for building of two Anchor Handling Tug Supply Vessels of Aker Yards AH 12 design. The two vessels are scheduled for delivery in Q4 2010 and Q2 2011. The hull for the vessels will be built at Aker Yards in Romania and outfitted at Aker Yards in Norway. Roy Reite, who is in charge of Aker Yards' Offshore & Specialized Vessels business area, says: "This is an historic day for Aker Yards, both given the magnitude of the order and the type of vessel. We are proud to be given the opportunity to design and build the most powerful sister vessels in Aker Yards' history". The vessels will be equipped with a hybrid propulsion solution and will have a bollard pull in excess of 350 tons. The vessels are designed by Aker Yards Project and are designed for good sea keeping performance, low fuel consumption and environmental friendly operations. High standard accommodation is planned for 70 persons. Aker Yards' business area Offshore & Specialized Vessels now has in the orderbook 81 vessels, 14 of these are Anchor Handling Tug Supply Vessels of Aker Yards design. Fast facts Vessel type Anchor Handling Tug Supply Design Aker Yards Project / Aker AH 12 Length 94 m Beam 24 m Deadweight 5000 t Main engines 2 x 8000 kw Aux. engine 11000 kw Speed 17 knots Accommodation 70 persons

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