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Press Release MacGregor

MacGregor electric mooring systems specified for new Mermaid tender rigs

10/14/2014

CARGOTEC CORPORATION, PRESS RELEASE, 14 OCTOBER 2014 AT 9.30 AM (EEST)

MacGregor, part of Cargotec, has won new contracts that will see electrically-driven versions of its mooring systems fitted to two new tender assist drilling rigs for Thailand-based Mermaid Maritime Public Company Limited. The Self-Erected Drilling Tender (Hull No. CMHI (JS)-151-1 and Hull No. CMHI (JS)-151-2) are under construction at China Merchants Heavy Industry (Jiangsu) Co Ltd with delivery planned for 2016. The order was booked into third quarter 2014 order intake.

MacGregor will provide each rig with an electrically-driven eight-point mooring system with a 95-tonne line pull, a 460-tonne brake holding capacity and a 1,400m x 64mm diameter wire drum capacity. MacGregor equipment deliveries are scheduled for June 2015.

"The electric winches have variable frequency drives, which consume around 20 to 30 per cent less energy when compared to hydraulically-driven winches," notes Francis Wong, Vice President, Segment Sales, MacGregor Offshore. "This advantage will significantly reduce the carbon footprint and bring down the initial installation and operation cost."

"MacGregor can offer comprehensive equipment packages for all types of specialist offshore units," he adds. "Our portfolio for mobile drilling units has been strengthened with the addition of the Pusnes products."

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For further information please contact:
Francis Wong, Vice President, Segment Sales, Offshore, tel. +65 65 973 518
francis.wong@macgregor.com

or

Heli Malkavaara, Communications Manager, MacGregor, tel. +358 20 777 4500
heli.malkavaara@macgregor.com

MacGregor offers world leading engineering solutions and services for handling marine cargoes and offshore loads. The scope of our integrated packages is growing and now also includes Hatlapa, Porsgrunn, Pusnes and Triplex products.

MacGregor serves the offshore, maritime transportation and naval logistics markets in ports and terminals as well as on board ships and rigs. MacGregor solutions combine load and cargo access, stowage, care and handling functions to optimise lifetime profitability, productivity and environmental sustainability. www.macgregor.com    

MacGregor is part of Cargotec. Cargotec's sales totalled approximately EUR 3.2 billion in 2013 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com