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Major Order for STX France' Shipyard in Lanester

Maritime Activity Reports, Inc.

August 11, 2010

STX France Lorient SAS and STFMO (Société de Transports Fluvio-Maritimes de l'Ouest), a subsidiary of Sablières de l'Atlantique, have just signed a contract for the construction of a sand dredger.

This ship order is the first placed with STX Lorient since 2008 and comes during a significantly low period. It will give the Lanester shipyard the opportunity to establish itself on a new and highly competitive market at a national and European level.

STFMO will be promoting economic, social and territorial cohesion by entrusting the construction of a ship to a local shipyard. The ship will fly the French flag and will be both constructed and operated by local players with an experienced French crew on board, supplying ports on the Atlantic seaboard with materials for local companies.

Moreover, STX Lorient has paid particular attention to the hydrodynamic optimization of the ship to reduce fuel consumption - one of the essential points in the client's economic model for a vessel that will operate all year at about 40 meter extraction depths.

This contract will bring a workload of over 100,000 hours to STX staff and subcontractors. The design phase will be launched promptly and the first equipment orders are scheduled for this autumn. Construction will start early 2011 with delivery of the ship to STFMO scheduled for mid-2012.

The ship will operate all year round at about 40 meter extraction depths, and will supply the dredging terminals in Montoir and Cheviré among others.

Specifications:
Length, o.a.    276 ft
Max width    51 ft
Depth    23 ft
Speed, full load    13 knots
Contractual dredging draught    19.6 ft
Capacity of tank    2,000m3
Dredging depth    147.6 ft under floating line
Propulsion    2x 1,935 KW (2 x 2,630 ch)

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