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Aker Yards to Build PSV for Farstad Supply

Maritime Activity Reports, Inc.

January 16, 2006

Aker Yards has signed a contract with Farstad Supply to deliver an UT 751 E platform supply vessel. The value of the contract is approx $45M. This is the 17th contract between the shipowner Farstad Shipping ASA and Aker Yards. The hull for the PSV will be built in Romania and outfitted at Aker Yards, Brevik. Delivery of the vessel is scheduled for July 2007.
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