STX Europe awarded two contracts with Island Offshore

22.12.2009

STX Europe has entered into new contracts with Island Offshore for the building of two Platform Supply Vessels. The vessels will be built at STX Europe in Brevik, and are based on the same design as Island Commander and Island 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 number five and six in this series delivered from STX Europe to Island 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 Island Offshore. We appreciate the close cooperation with Island 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 Island Offshore's team."

The vessels are scheduled for delivery in Q4 2011 and Q1 2012. The hulls will be built at STX Europe in Romania, and outfitted at STX Europe in Norway.

Technical information:



STX Europe AS is an international shipbuilding group which aims to be the leading builder of cruise and offshore vessels. The group has a strong position in terms of developing state-of-the-art concepts, technology, processes and products for customers around the world. STX Europe AS comprises 15 shipyards in Finland, France, Norway, Romania, Brazil and Vietnam. STX Europe has approx. 16 000 employees. Formerly known as Aker Yards, the group changed its name to STX Europe in November 2008.

STX Europe's principal shareholder, the international industrial group STX, has approximately 40 000 employees and aims to be a global top player in its core areas; shipping and trade, shipbuilding and machineries, plant and construction, and energy.

STX Europe ASA