Suezmax shuttle tankers benefit from MacGregor's Pusnes bow loading systems

CARGOTEC CORPORATION, PRESS RELEASE, 17 APRIL 2015 AT 9.30 AM (EEST)

MacGregor, part of Cargotec, has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters. The order was booked into first quarter 2015 order intake.

South Korean shipyard Sungdong Shipbuilding & Marine Engineering Co Ltd will install a Pusnes bow loading system on a 157,000 dwt Suezmax DP2 shuttle tanker under construction for tanker specialist Tsakos Energy and Navigation Ltd. The Greek headquartered company specified Pusnes loading systems for two earlier shuttle tankers, the Brasil 2014 and Rio 2016, both delivered in 2013.

The other two systems will be installed on a pair of 156,000 dwt Suezmax shuttle tankers under construction at Hyundai Heavy Industries in South Korea for Knutsen NYK Offshore Tankers AS.

"These prestigious orders include engineering, production and commissioning of our proven bow loading systems. They confirm our unique market position and increase our already large installed base in Brazilian waters," says Ann-Kari Heier, Vice President for MacGregor Offshore Loading Systems. "An impressive reference list and our long, successful relations with the companies and yards concerned combined with our strong market position made us win these contracts."

Pusnes is the market leader in bow loading systems and has been supplying the market for nearly four decades. Pusnes solutions provide safe and secure connections that allow shuttle tankers to load oil directly from offshore facilities while holding station by means of dynamic positioning systems.

For more information please contact:
Ann-Kari Heier, Vice President, Offshore Loading, MacGregor, tel. +47 918 27 286
Email: ann-kari.heier@macgregor.com

or

Heli Malkavaara, Communications Manager, MacGregor Group, tel. +358 20 777 4500
Email: 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 3.4 billion in 2014 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki Ltd under symbol CGCBV. www.cargotec.com