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You are here: Home    Media centre    Stock exchange news    2006
AKER YARDS TO BUILD PSV FOR ISLAND OFFSHORE
1.12.2004

Aker Yards, via its wholly owned subsidiary, Aker Brevik, has entered into a contract with Island Offshore VIII KS in Ulsteinvik, Norway, to deliver a UT 755LN platform supply vessel. The value of the contract is approximately NOK 130 million.

Lars Stärk, Managing Director of Aker Brevik is very pleased with this new contract.
 
"We have won an important PSV contract. This proves that we are competitive in a market that continues to develop positively", says Stärk.
 
This is the thirteenth contract between the shipowner, Island Offshore Group in Ulsteinvik and Aker Yards.
 
The hull for the PSV will be built at Aker Brevik's subsidiary in Romania, Aker Braila. The hull will arrive in Brevik in July next year. Delivery of the vessel is scheduled for November 2005.
 
Brevik Construction AS has delivered 15 platform supply vessels of the same type since 1998. In addition three are to be delivered in January, March and June 2005.
 
Brevik Construction AS' current order backlog comprises in addition to the the newbuilding contract with Island Offshore, four vessel newbuildings and four process modules.
 
The platform supply vessel for Island Offshore is designated newbuilding number 40 at Brevik Construction AS.
 
 
For further information, please contact:
Lars Stärk, Managing Director Aker Brevik, +47 918 50 560
 
Tore Langballe, SVP Corporate Communications and Investor Relations,
Aker Yards ASA, +47 24 13 01 30
 
_________________
 
Aker Yards is an international shipbuilding group focusing on complex and sophisticated vessels and is Europe's largest and one of the world's five largest shipbuilders. Aker Yards has a strong position in terms of capacity, product range, technology and experience. The Company's product range includes cruise and ferry vessels, offshore vessels, merchant vessels and other complex vessels. The Group has 13 yards in four countries in Europe and in Brazil. Aker Yards had a revenue of NOK 16 bn. in 2003, and has approximately 14.500 employees. www.akeryards.com
 
Aker Brevik is a wholly-owned subsidiary of Aker Yards and offers turn-key newbuilding projects from the shipyards Brevik Construction in Norway and Aker Braila in Romania. Aker Brevik has long-standing experience from the construction of specialized vessels, with a portfolio including Ro-Ro, fis

 
   
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