STX awarded two contracts with Island Offshore

STX Europe has entered into new contracts with Norwegian-based Isl

and

Offshore for the building of two 4,000 dwt platform supply vessels.

The vessels’ 93 m long hulls will be built at STX’s Romanian shipyard for outfitting at STX Europe in Brevik

and

are based on the same design as

Isl

er

and

Isl

Chieftain delivered from STX Europe earlier this year. The vessels are scheduled for delivery in Q4 2011

and

Q1 2012. The total value of the contracts amounts to approximately NOK 800 million.

The vessels are of Rolls-Royce UT 776 CD design,

and

will be numbers five

and

six in this series delivered from STX Europe to Isl

and

Offshore.

Roy Reite, president of STX Europe’s Offshore & Specialized Vessels business area, says: “We have been awarded a total of 29 new building contracts with Isl

and

Offshore. We appreciate the close cooperation with Isl

and

Offshore, which is an innovative customer both in upturns

and

downturns in the offshore market. We look forward to continuing the good cooperation with the Isl

and

Offshore’s team.”