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Press Release MacGregor

MacGregor receives Pusnes deck machinery orders for Vale's new VLOCs

10/13/2016

CARGOTEC CORPORATION, PRESS RELEASE, 13 OCTOBER 2016 AT 9 AM EEST

MacGregor, part of Cargotec, has won Pusnes deck machinery orders for a new series of 400,000 dwt very large ore carriers (VLOCs) under construction at Chinese shipyard, Qingdao Beihai Shipbuilding Heavy Industries. The orders are booked in Cargotec's 2016 third quarter order intake.

MacGregor will deliver high-pressure hydraulically-operated deck machinery based on Pusnes designs. "The equipment is simple to operate, well-proven and known for its high-quality," says Esko Karvonen, Head of Smart Ocean Technology division at MacGregor. "For example, the windlasses are equipped with MacGregor's proven dual-motor installation, which ensures high capacity and reliability."

Construction of the Valemax vessels is part of an agreement between Brazilian mining company, Vale and the Chinese Government.

For more information please contact:
Esko Karvonen, Head of Smart Ocean Technology division, MacGregor,
tel. +65 9839 2425, Email: esko.karvonen@macgregor.com
or
Heli Malkavaara, Senior Communications Manager, MacGregor, tel. +358 20 777 4500
Email: heli.malkavaara@macgregor.com

MacGregor shapes the offshore and marine industries by offering world-leading engineering solutions and services with a strong portfolio of MacGregor, Hatlapa, Porsgrunn, Pusnes and Triplex brands. Shipbuilders, owners and operators are able to optimise the lifetime profitability, safety, reliability and environmental sustainability of their operations by working in close cooperation with MacGregor.

MacGregor solutions and services for handling marine cargoes, vessel operations, offshore loads, crude/LNG transfer and offshore mooring are all designed to perform with the sea. www.macgregor.com

MacGregor is part of Cargotec. Cargotec's (Nasdaq Helsinki: CGCBV) sales in 2015 totalled approximately EUR 3.7 billion and it employs over 11,000 people. www.cargotec.com