Aker Yards to Build Platform Supply Vessel for Portosalvo Ltd

Aker Yards has entered into a contract with Portosalvo Ltd to build one Aker PSV 09 CD-designed platform supply vessel. The value of the contract is approximately NOK 310 million and delivery is scheduled in 4Q 2010.

Portosalvo Ltd. also has an option for one more identical vessel.

Portosalvo Ltd is a UK based subsidiary of the Rimorchiatori Napoletani Group.

The vessel will be equipped with dynamic positioning, diesel electric propulsion and will have the class notation Clean Design. The vessels are designed for good sea keeping performance, low fuel consumption and environmental friendly operations.

The hull for the vessel will be built at Aker Yards in Romania and outfitted at Aker Yards in Norway.

Roy Reite in charge of Aker Yards' Offshore & Specialized Vessels business area, says: "I am very pleased that Portosalvo again has placed a newbuild contract with Aker Yards. In the past Aker Yards has built two vessels for Portosalvo Ltd. with the last vessel being delivered in 2002".