News from Aker Yards

From Lloyd’s List (

STX Shipbuilding of South Korea initially purchased a 39.2% share in Aker Yards in October last year. An additional purchase in June of 1.3m shares brought its ownership to 40.4%, which triggered the mandatory offer. The Aker board last week insisted it saw “a potential for increased value for shareholders in the long term”, but said the NKr63 offer, 12% higher than the last closing price, was “fair in today’s market conditions” and should be “seriously considered” by shareholders. Board members of Aker Yards have sold their shares in the company to STX


From ShipPax Information (

P&O Ferries has confirmed an order from Aker Yards for what will become the largest ferries so far to operate in the English Channel. The ferries will be delivered in 2010 and 2011 for deployment on the operator’s Calais-Dover run. At 49,000gt, the vessels will have a length of 210 metres. They will have capacity for 2,700 lane metres of vehicles and 2,000 passengers. P&O will pay EUR 360 million for the vessels.


From Baird Online (

Aker Yard’s newbuilding, the ‘Armorique’, to be delivered to France’s Brittany Ferries towards the end of the year, was launched last week at the Helsinki yard. The vessel is worth approximately US$164 million. The vessel was designed specifically for use between Plymouth and Roscoff. At 167 metres by 27 metres the vessel will have a speed estimated at 23 knots, while two-deck loading and discharge will allow for fast turnaround times in port. Capacity will include 1,100 lane metres of vehicle space, for 500 cars or 60 trucks; 1,500-passengers; and 250 cabins.


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