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November 21, 2005

Aker Yards gets ferry LOI

Aker Yards and Viking Line Abp have signed a Letter of Intent for delivering a passenger ferry in January 2008. The contract value is in the Euros 110--130 million range.

The agreement includes options for two similar vessels.

Aker Yards is planning to build the vessel in Finland, at its yard in Helsinki, where one vessel would give about 1,300 man years of work.

"Viking Line is an old acquaintance of Aker Yards," says Aker Finnyards president Yrjo Julin. "Previous deliveries for the company include seven vessels, the latest built being MS Cinderella. We are looking forward to excellent cooperation between our two companies also in this new challenging project."

Viking Line is a Finnish listed company. It owns seven vessels, the transport volume being some 5 million passengers. Annual turnover is about 380 million euro.