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STX Europe to Build Special Purpose Vessels

Maritime Activity Reports, Inc.

March 29, 2010

STX Europe has, through its wholly owned subsidiary STX Norway Offshore AS, signed contracts for building of three special purpose vessels for a new foreign client. The vessels will be delivered in Q4 2011, Q2 2012 and Q3 2012. The vessels are designed to satisfy the general requirements of salvage, rescue and towing operations including fire fighting and pollution prevention. The vessels will have a length of 282 ft a beam of 57.4 ft. The hull will be built at STX Europe in Romania, and outfitted at STX Europe's yard in Brattvaag, Norway.

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