Aker Yards to Build More Offshore Vessels for "K" Line

Aker Yards has signed a contract with "K" Line Offshore AS for building of four Platform Supply Vessels of Aker Yards design. The total value of this contract is approximately NOK 1.4 billion. Delivery of the four Platform Supply Vessels is scheduled between fourth quarter of 2010 and third quarter of 2011.

"K" Line is one of the world's largest ship owners/operators, mainly focusing on Container, Car Carriers, Bulk, LNG and Tankers. "K" Line will now enter into the offshore market and this order on four PSV's will together with the order for two Anchor Handlers of Aker AH 12 design earlier this autumn make a solid platform for this entrance.

Roy Reite, President of Aker Yards' Offshore & Specialized Vessels business area, says:

"I am pleased to see that Aker Yards has been awarded this contract with "K" Line, which is one of the largest ship owning/operating companies in the world, with more than 460 vessels in its fleet. We look forward to cooperate with this new strategic customer in the offshore market."

Also these vessels are designed by Aker Yards Project and are designed according to Clean Design class, and for good sea keeping performance, low fuel consumption and environmental friendly operations.

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