Color Line and Aker Yards sign LOI for second cruise ship

Color Line AS and Aker Yards have signed a letter of intent (LOI) for the order of a second ship, a sister vessel to M/S Color Fantasy, the world’s largest cruise ship with car decks delivered from Aker Finnyards the 3rd of December 2004. The contract value is at the same level as for M/S Color Fantasy, approximately EUR 300 million. The agreement is subject to certain conditions, including Color Line and Aker Yards board approval. The contract is anticipated to be made effective within the second quarter of 2005.