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Aker Yards to Modernize Vessels

Maritime Activity Reports, Inc.

March 10, 2006

Aker Yards and the Finnish Navy have signed a contract for modernizing two mine layers. The order worth $33 million means 200 man years of work for Aker Yards, Rauma where the conversions take place for deliveries in January and August 2007. The vessels called Hameenmaa and Uusimaa were originally delivered from Rauma in 1992. Now they will be modernized in order to conform with the new performance requirements, and a general overhaul of the ship systems will take place. The combat systems will be modernized as well.

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