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AKER YARDS TO BUILD OFFSHORE SUPPLY VESSELS FOR FARSTAD SUPPLY AS
17.12.2004

Aker Brattvaag AS, a company in the Aker Yards Group, has signed a contract with Farstad Supply AS, for the building of two Offshore Supply Vessels. The total contract value is approximately NOK 540 million. The vessels are scheduled for delivery from Søviknes Verft in May and September 2006. The contract is dependent on approval of the charter party between Norsk Hydro and Farstad Shipping ASA.

The vessels will have the new designation UT 751 E, designed by Rolls-Royce Marine, which also will be a major supplier of equipment to the project. The vessels will have a length of 93 meters, a beam of 21 meters and will be equipped with the latest and most innovative marine technology. The vessels will have particularly high cargo capacities.
 
Roy Reite, responsible for the Offshore Service Vessels business area in Aker Yards ASA states in a comment: "Aker Yards has built 13 vessels to Farstad Shipping or its subsidiaries earlier, the latest being "Far Swift", delivered from Aker Brevik in mid 2003. This new contract confirms our good relationship with Farstad Shipping, and our strong market position in this segment."
 
Drawing of the UT 751 E and press release to be found on www.brattvaag.no.
 
 
For further information, please contact:
Roy Reite, Executive Vice President, Offshore Service Vessels, Aker Yards ASA         +47 70 21 06 00
Magne Håberg, SVP Sales and Marketing, Aker Brattvaag AS                                       +47 91 51 02 31
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 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 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 Brattvaag AS is a subsidiary of Aker Yards ASA and comprises six shipyards in Norway, Romania and Brazil.
Aker Brattvaag has approximately 4000 employees, and an annual revenue of NOK 3-3.5 billion. The company builds a wide range of specialized vessels, including offshore supply and fishing vessels. The company's main office is in Brattvåg, near Ålesund. www.brattvaag.no

 
   
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