May 6, 2005

Aker Yards gets four PSV order from Siem

Aker Brattvaag, a company in the Aker Yards Group, and Siem Offshore Inc. have entered into a contract to build four platform supply vessels (PSV's). The value of the newbuilding contract is approximately NOK 490 million (about $78.3 million).

The vessels will be 73.4 meters long, and 16.6 meters wide, and will have a maximum cargo capacity of 3,600 tonnes.

The vessels are of Vik-Sandvik's VS 470 mk II design, twelve of which have been built in the past.

Delivery is scheduled for 2006.

The contract includes an option for two more vessels.

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