1997-11-20

The Godby Shipping group has ordered two 7.250 dwt ro-ro vessels from Sietas shipyard in Germany. The vessels, ordered by Minicarriers Ab and Oy Trailer-Link Ab, will be delivered in January and February 1999. Both vessels will be time chartered to Oy Transfennica Ab for their liner service between Hanko and Lübeck.

The vessels have been designed jointly between Transfennica, Godby Shipping and Sietas. The vessels are optimised for transportation of paper products, containers and trailers. Major factors have been a high service speed, environmental friendliness, efficient cargo handling and good ice going capability. The vessels will be built to Finnish/Swedish ice class IA Super meaning that the use of icebreakers will be minimised. The vessels are designed to fulfil both Finnish and German safety regulations.

The Wärtsilä main engine will be fitted with water injection, which will reduce NOx emissions by 30-50 %. The vessels are equipped with stabilising fins reducing the movement in rough seas, anti-heeling system reducing the movement during loading and discharging and a free fall lifeboat.

The vessels are loaded and discharged via two stern ramps. Fixed ramps connect the main deck with the lower hold and the weather deck. All decks can thus be loaded and discharged simultaneously.

The main data are as follows:

Length  Beam  Draft

150,00 m 20,60 m 7,00 m

Dead-weight  Ice class

7.250 ton IA Super

The crew will be about nine per vessel. The owners have not yet decided what flag the vessels are to fly. The decision will be taken during 1998 when the Finnish government has finalised its shipping policy.

For additional information, please contact Managing Director Alpo Mikkola, phone +358 18 41121.

Yours faithfully,

GODBY SHIPPING AB

Alpo Mikkola