Aker Yards to Build Platform PSVs for Island Offshore

Aker Yards has signed a contract with Sneingen AS, a company within the Island Offshore Group in Ulsteinvik, Norway, to deliver two UT 755 LN platform supply vessels. The value of the contract is approximately $51.3m. This is the 19th contract between the shipowner, Island Offshore in Ulsteinvik and Aker Yards. The hulls for the platform supply vessels will be built in Romania and the vessels will be outfitted in Brevik. Delivery is scheduled for primo May and primo July 2008.