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Hyundai-Vinashin Inks Ship Lengthening Deal

Maritime Activity Reports, Inc.

October 29, 2004

Vietnam’s Hyundai-Vinashin Shipyard (HVS) has secured a major ship lengthening contract from one of the world’s leading operators of PCTCs (pure car/truck carriers), Sweden’s Wallenius Lines. The Far East yard will jumboise Wallenius’ five Boheme-class of PCTCs next year by 28 m. The lengthening will increase each vessels overall length to 228 m and car capacity by 20% to 7,100 cars. The five PCTCs are the 57,018 grt Boheme, Elektra, Manon, Mignon and Undine. All were built in 1999, except Undine which was delivered in 2002.