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Aker Yards to Outfit One ROV Survey / Supply Vessel for Volstad Maritime AS

Maritime Activity Reports, Inc.

November 23, 2004

Aker Brattvaag, a company in the Aker Yards Group, has signed a contract with Volstad Maritime AS, Ålesund, Norway for outfitting of one ROV Survey / Supply Vessel at Aker Langsten. The contract is worth approximately NOK 300 million. The vessel is scheduled for delivery in June 2005 and the work will start before Christmas 2004. Peter Tennfjord, Senior Vice President at Aker Langsten says in a comment: "This contract implies that we avoid temporary lay-offs that were previously scheduled from December and into the first quarter of 2005. We are still not at full capacity utilization, but we now have a steadier workload at the yard." The vessel has the designation ST-253L, designed by Skipsteknisk AS in Ålesund. The vessel will be 92.5 meters long and 18 meters wide. Main propulsion will be Azimuth 2 x 2,500 kW, and four generator sets 2 x Wärtsilä 6L32, each 2,880 kW and 2 x Wärtsilä 9L20, each 1,530 kW. The vessel will be according to class DnV A1, E0, SF, Dynpos AUTR, CLEAN, COMF-C3 -V3, Heldk SH, FiFi II.

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