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Aker Shakes the Cruise World

Finland's Aker Yards Group has merged its two shipyards in that country, Kvaerner Masa - Yards Inc and Aker Finnyards Inc , into a new company called Aker Finnyard s.

The new name, which describes Aker Yards shipyard activities in Finland, and the new operative organisation take effect on 1st January 2005.

Aker Yards simultaneously confirmed the order for a second Ultra Voyager, the world's largest cruise ship. The contract for Royal Caribbean International is valued at ? 580 million, making it the world's largest cruise ship order this year.

Work has already begun on the first Ultra Voyager, which will be delivered in May 2006, with the second vessel due in the spring of 2007.

MJ Information No: 20049

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