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AKER YARDS SIGNED LOI FOR THREE CONTAINER CARRIERS
20.10.2004

Aker Finnyards, a part of Aker Yards, has signed a Letter of Intent with the Swedish
B & N Nordsjöfrakt for building three container carriers. The contract, worth in all approx. EUR 150 million, implies about 1,000 man-years of work. All three vessels are planned for delivery in 2006.

"We are delighted to have signed this Letter of Intent", says Jyrki Heinimaa, President of Aker Finnyards in Rauma. "These vessels will sail in heavy ice conditions during the wintertime, and Aker Yards has significant knowledge in icegoing technology, having built all of the world's three multipurpose icebreakers", Heinimaa adds.
 
The container carriers are intended to operate on the Gulf of Bothnia, between Kemi and Oulu in Finland and Gothenburg in Sweden. B & N and Stora Enso intend to enter into a 15 years charter agreement for the vessels to be carrying special SECU containers (StoraEnso Container Unit).
 
The 15,000 dwt vessels will be 188 m long, 26 m wide and can take 155 special size containers each.
 
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For more information, please contact:
 
Aker Yards ASA
Tore Langballe, SVP Communications and Investor Relations, tel. +47 24 130 130
Aker Finnyards
Jyrki Heinimaa, President, tel. +358 2 836 4000
B&N
Håkan Larsson, President, tel. +46 304 67 47 00
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Aker Yards is an international shipbuilding group focusing on sophisticated vessels and is Europe's largest and one of the world's five largest shipbuilders. The group has a strong position both in terms of innovation, product range, technology, experience and capacity. The product range includes cruise vessels and ferries, merchant vessels, offshore vessels and other complex vessels. Aker Yards, with a turnover of NOK 16 bn. in 2003, comprises 13 yards in Norway, Finland, Germany, Romania and Brazil and has approximately 14,500 employees. www.akeryards.com 
                                                                                                                                                                               
Aker Finnyards in Rauma is the leading ferry builder in the world. The yard's revenue is ca EUR 200 million. The present order book amounts to ca. EUR 182 million: a cruise vessel for Birka and a missile boat plus a conversion for the Finnish Navy. Recent deliveries include among others the world's largest cruise ferry. -- From the 1st of January 2005 Aker Finnyards will be the name of three merged Finnish shipyards. The new company will be among the world leaders in designing and building both cruise vessels and ferries.
www.akerfinnyards.com
 
B&N Nordsjöfrakt specialises in industrial shipping and offers customers tailor-made freight and logistics solutions, particularly in the forest products and steel industries. The "Total Transport Concept" stands for close and proactive cooperation, in which shipping services provide a base for a wider system of transport and logistics services. B&N also operates in the icebreaking/offshore sector and supplies tonnage, crews and ship-management services. www.bn.se
 

 
   
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