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Damen Receives Jumbo Order

Maritime Activity Reports, Inc.

November 9, 2000

The CargoVessels Division of Damen Shipyards signed a $62.3 million contract with Dutch shipping company, Jumbo, for the building of two heavy lift ships, each measuring 469 ft. (143.1 m) with a beam of 87 ft. (26.5 m).

Reportedly the largest and most advanced heavy lift ships in the world, they have a lifting capacity of 1,600 tons, and will be constructed at Damen's Romanian yard.

The first vessel will be delivered during the first quarter of 2003 - the second will arrive in the third quarter.

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