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AKER YARDS' BRAILA YARD TO CONSTRUCT 2+1 COMPLETE VESSELS
14.4.2004

Aker Yards AS, through its fully owned subsidiary Aker Brevik, has signed a contract for the construction of two complete bunkering tankers for delivery in the first half of 2005. An option for an additional vessel of same type may be confirmed mid May.

The two bunkering tankers will be built on Aker Brevik's subsidiary Aker Braila in Romania and is ordered by Maritima in France. Maritima belongs to the Compagnie Fluviale de Transport (CFT), a French company that is one of the leading companies in Europe for river transport, and is specialized in bunkering for ocean-going vessels.
 
- The building of two complete vessels in Romania demonstrates that our strategy of combining our Norwegian technology base with the cost level in our Romanian yards is highly competitive, says Karl Erik Kjelstad, CEO of Aker Yards. This order and the order received at Aker Tulcea for the building of three complete smaller container vessels communicated in December 2003, prove that Aker Yards is able to take part in the strong growing market for small tankers and container vessels.
 
The total value of the order is approximately Euro 26 million
 
- For Aker Braila this order secures full occupation for the employees in outfitting activities. The contract is also important in order to fulfill the strategy of Aker Braila, which is to make complete ships in addition to be a sub-contractor of hulls and steel constructions to other yards in the Aker Yards group, says Lars Stärk, Chairman of Aker Braila.
 
Aker Braila in Romania has some 2,500 employees. The well-equipped yard is located along the Danube, 170 km from the Black Sea.
 
For further information contact:
 
Karl Erik Kjelstad, CEO Aker Yards, +47 950 85 849
Lars Stärk, Chairman Aker Braila, +47 918 50 560
 
Details of vessels:
 
The vessels will be of 3500 M3 with the following main characteristics:
 
Length over all: 89.2 m
Length p.p: 86.0 m
Breath: 13.8 m
Main engine: 2*1080 kW
Speed: 12.0 knots
Classification society: Bureau Veritas
Design: Sc ONLY srl - Galati

 
   
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