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Marine Log

November 8, 2007

SMIT goes on newbuilding spree

SMIT and Damen Shipyards Gorinchem, Netherlands, have today signed a contract for 11 newly built vessels.

Division Harbor Towage and Terminals

Two tugs (type ASD 2810) are replacements for the harbor towage fleet in Rotterdam. These tugs will be equipped with a substantially higher bollard pull (60 tons bp) and are scheduled for delivery in respectively May and June 2009.

Two vessels (type ASD 3211, 70 tons bp) will be built for SMIT Terminals and will be delivered in respectively February and May 2009.

An additional four ASD 2810 type tugs (60 tons bp) will be deployed as replacements for and expansion of this Divisions' worldwide fleet. These tugs will be delivered respectively end 2008 and early 2009.

Division Transport & Heavy Lift

SMIT also has reached an agreement for the construction of three work vessels.

These multipurpose pusher tugs (approximately 28 tons bp) are sister vessels to SMIT's existing "B-class" vessels. The first two of these vessels, which will be deployed for SMIT Transport Europe, will be delivered in respectively May and September 2009. The last one is expected early 2010.

SMIT says all fleet renewals and expansions fit into its strategy of moving to the top-segment of the market with long-term contracts, autonomous growth, fleet renewal and optimalization.

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