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Aker Yards to Build AHTS Vessel for DOF Installer

Maritime Activity Reports, Inc.

November 5, 2007

Aker Yards has signed a contract with DOF Installer ASA for building of a highly sophisticated Anchor Handling Supply Vessel (AHTS). The value of the contract for the fourth vessel is approximately $142m. The vessel is a declaration of an option announced on the contract announced in first quarter of 2007 for building of 2 + 2 AHTS vessels. The vessel is an Anchor Handling Supply Vessel based on the Aker Yards design AH 04 CD. Delivery is scheduled in first half of 2011. The vessel will have a bollard pull in excess of 300 tons, and will be outfitted with a triple drum winch of 500 tons. Accommodation is planned for 90 people. The hull for the vessel will be built at Aker Yards in Romania and it will be outfitted at Aker Yards in Norway.

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