Aker Yards to Build Supply Vessels for Nordcapital

Aker Yards has signed a contract with Nordcapital, Germany, to deliver two UT-776 CD Platform supply vessels. The total value of the contract is approximately $112.6m. The hulls for the vessels will be built at Aker Yards in Romania, and outfitted at Aker Yards in Norway. Delivery of the vessels is scheduled for the 3rd quarter of 2009 and 1st quarter of 2010. The contract also includes an option for two similar vessels for delivery in the 3rd and 4th quarter of 2010.