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Press Release Cargotec

Cargotec receives an order for MacGregor electric cranes and hatch covers for six bulk carriers in China

7/11/2012

CARGOTEC CORPORATION, PRESS RELEASE 11 JULY 2012 AT 10 A.M. (EEST)

A Chinese state-owned shipyard has ordered MacGregor variable frequency drive cranes and folding-type hatch covers for Greek bulk shipping operator Ariston Navigation's six new generation 35,000 dwt bulkers.  The contract is booked into Cargotec's second quarter order intake. Deliveries are scheduled for 2013 and 2014. 

 

Ariston Navigation Corporation, part of the family-owned Xylas Group, has ordered a series of 35,000 dwt handysize Seastallion vessels from the shipyard. New ships have been designed with a versatile specification and are planned for worldwide trade. Each will feature folding-type MacGregor hatch covers and four fully electrically-operated variable frequency drive (VFD) MacGregor wire-luffing bulk-handling deck cranes, each with an SWL of 30.5 tonnes at a maximum outreach of 26m. 

 

Ariston Navigation believes that the early involvement of key suppliers is important for delivering vessels fully optimised for their designed functions. "We involved Cargotec as well as all suppliers of critical equipment at the very early stages of our project," said John Xylas, CEO of Ariston Navigation.

 

The company also sees significant advantages in sourcing major items from a single supplier. "Absolutely: the lower the number of makers, the more efficient the communication in the project," John Xylas continued. 

 

Further information for the press:

Per-Erik Nilsson, Director, Sales and Marketing, Cranes, tel +46 660 294 021

Ari Viitanen, Director, Sales and Marketing, Dry Cargo, tel. +358 2 4121 242

Heli Malkavaara, Communications Director, Marine, tel. + 358 2 412 1252

 

Further information for investors:

Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084

 

Photo caption: a new generation of 35,000 dwt bulkers will feature MacGregor variable frequency drive cranes and folding-type hatch covers from Cargotec.

 

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 3.1 billion in 2011 and it employs approximately 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com 

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