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AKER YARDS AND VIKING LINE SIGNED LOI FOR A PASSENGER FERRY
21.11.2005

Aker Yards and Viking Line Abp have signed a Letter of Intent for delivering a passenger ferry in January 2008. The contract value is within the range EUR 110-130 million.
The agreement includes options for two similar vessels.

Aker Yards is planning to build the vessel in Finland, at its yard in Helsinki, where one vessel would give about 1,300 man years of work. In August, it was announced that the Helsinki yard would be made one of the most cost effective yards for building ferries in the industry.
 
"Viking Line is an old acquaintance of Aker Yards. Previous deliveries for the company include seven vessels, the latest built being MS Cinderella. We are looking forward to excellent cooperation between our two companies also in this new challenging project", says Yrjö Julin, President of Aker Finnyards and responsible for Cruise & Ferries in Aker Yards.
 
 
 
For further information please contact:
 
Aker Finnyards
Yrjö Julin, President, +358 40 7517940
Sinikka Railo, Communications Manager, +358 40 5120253
 
Aker Yards ASA
Tore Langballe, SVP Communications and Investor Relations, +47 24 13 01 30
 
 
 
Aker Yards ASA is an international shipbuilding group focusing on sophisticated vessels. 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 and specialized vessels. Aker Yards, with a turnover in the range of euro 1.5-2 bn per year, comprises 13 yards in five countries and has approximately 13,000 employees.
Three of the yards are in Finland, situated in Turku, Rauma and Helsinki, employing ca. 4,000 people.
 
Viking Line is a Finnish listed company offering transport, shopping and recreation services. It owns seven vessels, the transport volume being some 5 million passengers. Turnover is ca. 380 million euro.
Viking Line has a personnell of about 2,800.

 
   
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