Aker to build Farstad PSV

Aker Yards has signed a contract with Farstad Supply AS, a company within Farstad Shipping ASA in Ålesund, Norway, to deliver an UT 751 E platform supply vessel (PSV). The value of the contract is approx $45 million. The hull for the 4,500 dwt PSV will be built in Romania and outfitted at Aker Yards, Brevik with delivery scheduled for July 2007.