STX Norway Offshore has signed contracts for the building of two icebreaker tugs to JSC Circle Marine Invest. The vessels will be delivered in 2011, and the total value of the two contracts amounts to approximately NOK 450 million.
"We look forward to continuing the good cooperation with JSC Circle Marine Invest. We have in total five vessels under construction to JSC. In these days the first vessel in this series is ready to be delivered from our shipyard in Braila" says Roy Reite, President of STX Norway Offshore AS.
JSC Circle Marine Invest will through its subsidiary Caspian Offshore Construction in Kazakhstan operate the vessels in the Kashagan field of the northern Caspian Sea.
The vessels are designed by the STX Europe subsidiary Aker Arctic, and have a length of 65 meters and a beam of 16,4 meters. The vessels will have the Ice class notification 1A* Super, according to the Finnish-Swedish Ice classification rules. Further, the vessels will be equipped and designed for other operations like firefighting, rescue operations and towing in shallow waters.
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STX Europe is an international shipbuilding group which aims to be the leading builder of cruise and offshore vessels. The group has a strong position in terms of developing state-of-the-art concepts, technology, processes and products for customers around the world. STX Europe comprises 15 shipyards in Finland, France, Norway, Romania, Brazil and Vietnam. STX Europe has approx. 16 000 employees. Formerly known as Aker Yards, the group changed its name to STX Europe in November 2008.
STX Europe's principal shareholder, the international industrial group STX, has approximately 40 000 employees and aims to be a global top player in its core areas; shippingand trade, shipbuilding and machineries, plant and construction, and energy.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)