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Press Release MacGregor

MacGregor winches specified for two new Malaysian accommodation barges

15/09/2014

CARGOTEC CORPORATION, PRESS RELEASE, 15 SEPTEMBER 2014 AT 10 AM (EEST)

MacGregor, part of Cargotec, has secured a winch package contract from Nam Cheong Limited group, a leading global offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited (the "SGX") and Malaysia's largest offshore support vessel builder. Eight-point MacGregor mooring systems, with a 150-tonne line pull/270-tonne brake holding capacity, tugger winches and capstans have been specified for two new 500-men accommodation work barges being built at the yard. An option remains for two more barges.

The 123m barges are scheduled for delivery in 2016. They will enter service for one of the largest accommodation/work barge specialists in Asia, Perdana Petroleum Berhad. "Our winches have been chosen by these leading companies because of their proven reliability and performance," says Francis Wong, Vice President, Segment Sales, MacGregor Offshore.

"MacGregor's strong lifecycle support services and its presence worldwide were additional factors in securing the contract," adds Mr Wong.

Malaysia-based Perdana Petroleum Berhad says that the new vessels will help the company take full advantage of the increasing demand for accommodation barges in the market from maintenance contracts and enhanced oil recovery activities.

Caption: MacGregor winches have been chosen because of their proven reliability and performance

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.

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