Aker Yards to Build for Island Offshore

Aker Yards signed a contract with Island Offshore in Ulsteinvik, Norway, to deliver one UT 712 L anchor handling tug supply vessel and one UT 776 CD platform supply vessel. The total value of the contracts is approximately NOK 600 million. This is the 21st and 22nd contract between the shipowner Island Offshore and Aker Yards. The hulls for the vessels will be built in Romania and outfitted at Aker Yards, Brevik. Delivery of the vessels is scheduled for September 2008 and March 2009.