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Flender Werft Books Three More Contracts

Maritime Activity Reports, Inc.

May 21, 2001

Three shipbuilding contracts exceeding 400 million DM became effective last week at Lübeck, Germany based Flender Werft. The contracts include a RoRo passenger ferry for Smyril Line of the Faroe Islands, which will be built in accordance with the plans and documents of Flensburger Schiffbau-Gesellschaft. In addition, a pair of 3,600-TEU containerships will be built for Hamburg-based shipowner Claus-Peter Offen. These newbuildings will be initiated directly following the Superfast Ferries currently under construction at the yar, and will keep the yard fully occupied to the start of 2003.

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