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Marine Log

Aker PSV

March 22, 2007

Gulf Offshore NS orders Aker PSV's

Aker Yards has entered into a contract with Gulf Offshore NS. Ltd. for building of two platform supply vessels based on the Aker PSV 09 CD design.

Gulf Offshore NS is the Aberdeen, Scotland, based unit of Gulfmark Offshore.

The total value of the contract is approximately NOK 530 million (about $86.2 million). Delivery is scheduled in 4Q 2009 and 2Q 2010.

The vessels 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.

Dimensions are: Length 86.6 m, beam 19 m. Cargo capacity dwt is 4,850 tosn

In the past Gulf Offshore has been involved in more than 30 contracts with Aker Yards. With this contract, four of the vessels in order by Gulf Offshore are of Aker Yards design.

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