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AKER YARDS AWARDED CONTRACT TO BUILD SIX PRODUCT-TANKERS
13.12.2004

Aker Brevik, a part of Aker Yards ASA, has signed a contract to build six 18,000 m3 product-tankers with six Cyprus-based single purpose companies. The vessels are to be built at Aker Braila in Romania. The total contract value is around EUR 130 million.

Lars Stärk, Managing Director of Aker Brevik, states in a comment: "This contract is important in order to develop the business of Aker Yards in Romania. The design is developed in Norway, and the vessels will be fully built in Romania." Stärk continues: "This order represents a strategic breakthrough in Aker Yards effort to capitalize on our significant know-how base in Norway combined with our cost-efficient Romanian production of merchant vessels. By this, Aker Yards demonstrates its competitiveness compared with eg Asian yards in the growing product tanker market".
 
The design is developed by Brevik Engineering, a subsidiary of Aker Brevik. The vessels will be approx. 140 meters long, 22 meters wide, and it will be 15 000 tdw. After delivery the vessels will be managed by Marlow Navigation, Cyprus. Construction of the first vessel starts in spring 2005, and is to be delivered in May 2006. The remaining five vessels are to be delivered every four months thereafter. 
 
 
For further information, please contact:
 
Lars Stärk, President Aker Brevik,                                                           +47 918 50 560
Tore Langballe, SVP Corporate Communications and IR, Aker Yards ASA                       +47 24 13 01 30

                                                 
 
Aker Yards ASA is an international shipbuilding group focusing on 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 offshore vessels, cruise and ferry vessels, other complex vessels and merchant 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 AS 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 spcialized vessels, with a protfolio including offshore supply vessels and merchant vessels.

 
   
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