Completion of second Ethylene-Carrier

Papenburg, 3. December 2007 -The second ethylene tanker out of a series of four was delivered by MEYER WERFT to the Norwegian shipping company Solvang ASA (Stavanger). This ship is the 50th gas tanker the shipyard has built since 1963.

MEYER WERFT has specialised in the construction of LPG and ethylene carriers. The LEG/LPG tankers for the Norwegian company have a length overall of 154.90 m, a breadth of 22.70 m, a cargo capacity of 17.000 cbm and can operate at a speed of 17.7 kts. Fully loaded, with ethylene cooled down to minus 104°C, the ships will have a draught of 8.10 m, with vinyl chloride monomer onboard approx. 10.60 m. In addition to ethylene and vinyl chloride monomer, the tankers will be able to carry amongst other gases also ammonia and propylene oxide, cooled down to minus 48° C.

The ship has proven its seaworthiness during the seal trials when all systems and plants were tested. Another two tankers will follow in the 3rd and 4th quarters of 2008.

Neptun Werft in Rostock/Warnemünde, a sister company of MEYER WERFT in Papenburg, built the cargo tanks made of low temperature steel and other components for this ship.

Clipper Helen - Main Particulars

Fourth Ship for Norwegian Cruise Line

Papenburg/Eemshaven - On 1 October 2007 MEYER WERFT delivered the 93,500-gt cruise ship Norwegian Gem to the cruise company Norwegian Cruise Line (Miami, USA) in the Dutch port of Eemshaven. The Norwegian Gem is the fourth ship out of a series of four the Papenburg shipyard is building for Norwegian Cruise Line (NCL). The ship combines modern event gastronomy of NCL's concept of "freestyle cruising" with extravagant interior outfitting meeting state-of-the-art technical demands.

Along with its new design, the luxury liner offers the passengers numerous specialities and a great deal of convenience: Some 70 per cent of the cabins are outside cabins, with most of them having their own balconies. Moreover, with its 1,100 crew, NCL offers the passengers outstanding service.

Both safety and entertainment meet the latest technical standards ensured by the diesel-electric pod propulsion system, interactive communication systems and sophisticated stage technology.

Upon delivery, the Norwegian Gem will leave Eemshaven in the Netherlands for Rotterdam, from where she will go on a mini cruise on 3 and 4 October, with 1,800 passengers on board. Starting on 6 October she will go on a two-night mini cruise from/to Dover to Amsterdam. On 8 October cruises into the Mediterranean will begin. In the winter of 2007/008 the ship will sail to the South Caribbean starting from New York.

PAPENBURG, Sept.2007 - Disney Cruise Line officially opened an office at the MEYER WERFT shipyard in Papenburg, Germany this week, as work continues to move forward on the design and development for the company's two new cruise liners.

In a ceremonial welcome, the Disney Cruise Line team presented MEYER WERFT with an official company flag which was hoisted at the entrance to the shipyard.

"This is an exciting time as we take the first step in our new build process" said Frank de Heer, Vice President of New Ship Development for Walt Disney Imagineering. "MEYER WERFT's expertise and fine craftsmanship combined with classic Disney artistry and storytelling will ensure that our ships will be among the finest at sea."

"This is a special moment for Disney Cruise Line," said Fabio DiMarco, Director of New Build, Marine and Technical Design for Disney Cruise Line. "We are so happy to be here and fly our flag proudly at the MEYER WERFT shipyard."

For the next five years, the Disney Cruise Line flag will fly at the MEYER WERFT shipyard and the company will maintain a permanent office in Papenburg. Full-time Disney Cruise Line Cast Members and Disney Imagineers will work alongside the MEYER WERFT team to deliver the two new ships in 2011 and 2012.

"We are honored to welcome Disney Cruise Line to Papenburg," said Bernard Meyer, CEO of MEYER WERFT shipyard. "We look forward to building these magnificent ships with Disney, and together bringing new levels of innovation to cruise passengers around the world."

MEYER WERFT, which is known for its sophisticated ship building, entered into a contract with Disney Cruise Line in April of this year to construct the two new vessels.

Disney Cruise Line currently has two 83,000-ton ships, the Disney Magic and the Disney Wonder, which each have 875 staterooms. The two news ships will be significantly larger at 124,000-tons with 1,250 staterooms.

Photo Caption: In a ceremonial welcome, the Disney Cruise Line team presented MEYER WERFT with an official company flag which was hoisted at the entrance to the shipyard. Pictured (left to right): Bernard Meyer, Managing Partner of MEYER WERFT; Frank de Heer, Vice President of New Ship Development for Walt Disney Imagineering; Fabio DiMarco, Director of New Build, Marine and Technical Design for Disney Cruise Line; Aloys Meeman, Project Manager of MEYER WERFT.