Norway: Bergen Group Risnes Receives Contract for Delivery of Two New Working Catamarans

Bergen Group has, through its subsidiary Bergen Group Risnes, received a contract from the fish farming company Hjaltland Seafarms Ltd for delivery of two new working catamarans. The contract has a value of NOK 9 millions (approx USD 1.66 mln), and the boats are scheduled for delivery in Q3 2011.

Since November 2010, Bergen Group has written contracts for approximately NOK 33 million (approx USD 6.1 mln) in total value, related to seven working boats to be delivered during the period up to August 2011. Two newbuilding deliveries, both to Mainstream Norway AS, are taking place this week. This company, owned by Cermaq ASA, has a contract for delivery of two similar working boats during the summer.

Executive Vice President Sebjørn Madsen in Bergen Group expects new orders on this popular working boat which so far has been produced in 181 units. This makes these catamarants a market leader within the aquaculture industry.

“This year we expect an average delivery of one unit every month, but I will not be surprised if we manage a further increase in this figure, “said Madsen.

Hjaltland Seafarms Ltd is today the largest salmon producer in Shetland with operations in more than thirty farm site localities in this region. The company is a 100% subsidiary of Grieg Seafood Hjaltland UK Limited which in turn is wholly owned by the international aquaculture company Grieg Seafood ASA (listed on the Oslo Stock exchange), headquartered in Bergen, Norway.

Bergen Group is a maritime industrial group with expertise in shipbuilding and maritime service, offshore and technology. The group has a total of 1,700 employees along the Norwegian coast from Kirkenes in the north to Stavanger in the south. The head quarter is located in Bergen.

Bergen Group Risnes delivers reliable, flexible and effective work boats of steel both in Norway and abroad. Through conscious customer adaptation over the years, we have achieved a leading position in most of our markets. Amongst our most important markets are:

· Work boats for the fish farm industry

· Harbour boats and tug boats

· Boats for clean-up operations

Bergen Group Risnes produces today boats in Sagvåg at Stord

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Source: BergenGroup, April 15, 2011.