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Press Release

Ezra orders two large MacGregor subsea knuckle-jib cranes from Cargotec

3/15/2010

CARGOTEC CORPORATION, PRESS RELEASE, 15 MARCH 2010 AT 12:00 AM (EET)

 

Cargotec will deliver two large offshore cranes to Singapore-based Ezra Marine Service Pte Ltd in 2010 and beginning of 2011 respectively. The cranes will be fitted to a deepwater anchor-handling towing/supply vessel (AHTS) and to a self-propelled accommodation barge. The value of the order is approximately EUR 12 million and it was booked in the first quarter 2010 order intake.

 

The order comprises two large active heave-compensated subsea knuckle-jib cranes. The first is for an ultra-deepwater AHTS. This 150 tonne SWL crane has an under-deck mounted winch with a 3,000m wire. The second crane is a 150-tonne SWL version being installed on a DP self-propelled accommodation barge.

 

Cargotec will manufacture vital components for the two cranes at its state-of-the-art unit in Kristiansand, Norway and at the recently modernised manufacturing, assembly and testing plant for offshore load handling solutions in Singapore.

 

"Ezra is a major player providing integrated offshore support solutions for the oil and gas industry, and its choice of MacGregor offshore cranes for these newbuilding projects recognises Cargotec's offshore capabilities," says Øystein Bondevik, sales director for offshore load handling at Cargotec.

 

Caption: MacGregor 150-tonne active heave compensated subsea crane

 

Further information for the press:

Øystein Bondevik, Director Sales, tel. +47 95 72 34 13

E-mail: oystein.bondevik@cargotec.com

 

Minna Karhu, Vice President, Corporate Communications, tel. +358 (0)204 55 4630

E-mail: minna.karhu@cargotec.com

 

Further information for investors:

Paula Liimatta, Investor Relations Manager, tel. +358 (0)204 55 4634 

E-mail: paula.liimatta@cargotec.com

 

Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are recognised leaders in cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totalled EUR 2.6 billion in 2009 and it employs more than 9,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki. www.cargotec.com

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