Aker Yards to Build Supply Vessels for Nord Capital

Aker Yards has signed a contract with Nordcapital, Germany, to deliver two UT-776 CD platform supply vessels. The total value of the contract is approximately NOK 680 million.

The hulls for the vessels will be built at Aker Yards in Romania and outfitted at Aker Yards in Norway. Delivery of the vessels is scheduled for the third quarter of 2009 and first quarter of 2010.

The contract also includes an option for two similar vessels for delivery in the third and fourth quarters of 2010.

"We are very pleased to win another contract for Nordcapital. By this, we have 10 vessels in our order book for delivery to our customer in Germany" said Roy Reite, President of Offshore & Specialized Vessels in Aker Yards.

Aker Yards ASA is an international shipbuilding group focusing on sophisticated vessels. The group has a strong position both in terms of innovation, product range, technology, experience and capacity. The product range includes cruise vessels & ferries, merchant vessels, offshore & specialized vessels. Aker Yards comprises 17 yards in Brazil, Finland, France, Germany, Norway, Romania and Ukraine. Aker Yards has approximately 20,000 employees.

The Nordcapital Group is active in shipping, real estate, and private equity. Since its foundation in 1992, Nordcapital has realized a total investment volume of some 5.1 billion euros for private and institutional investors. There are more than 40,000 investors holding 2.1 billion euros equity capital in Nordcapital funds.

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