Aker to build Island PSV

Aker Yards has signed a contract with Island Offshore VI K/S, a company within the Island Offshore Group in Ulsteinvik, Norway, to deliver a UT 776 E platform supply vessel. The value of the contract is $35.6 million.

This is the 16th contract between the shipowner, Island Offshore Group in Ulsteinvik and Aker Yards. The 93 metre hull for the 5,000 dwt PSV will be built in Romania and delivery is scheduled for March 2007.