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AKER YARDS TO BUILD MULTIFUNCTIONAL ANCHOR HANDLING TUG SUPPLY VESSEL
17.1.2005

Aker Yards ASA is to deliver a 1 off UT 712L Multifunctional Anchor Handling / Tug / Supply Service Vessel to Farstad Supply AS in Ålesund, Norway. The value of the contract is approximately NOK 250 million.

Brevik Construction AS, a subsidiary of Aker Brevik, and Farstad Supply have further signed an agreement for optional 1 + 1 UT712L Vessels.
 
Lars Stärk, President of Aker Brevik is very pleased with this new contract: "We have won an important contract for Aker Yards and we are pleased that the market for building Anchor Handling Vessels is developing positively. Aker Yards has built 13 vessels to Farstad Shipping or its subsidiaries earlier, and two PSV's were orderd in December 2004. This new contract confirms our good relationship with Farstad Shipping " says Stärk.
 
The hull for the AHTS will be built at Aker Brevik's subsidiary in Romania, Aker Braila, and outfitted in Norway. The hull will arrive in Brevik in December this year, and the vessel is scheduled for delivery for April 2006. The vessel is designed by Rolls-Royce Marine, which will also be a major supplier of equipment to the project.
 
 
 
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
 
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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, fishing vessels and offshore supply vessels.

 
   
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