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Press Release Cargotec

Kleven orders 400-tonne advanced offshore MacGregor crane from Cargotec

7/12/2012

CARGOTEC CORPORATION, PRESS RELEASE 12 JULY 2012 AT 3 P.M. (EEST)

Cargotec has secured a substantial new contract from Norwegian company Kleven Maritime. Delivery includes a 400-tonne MacGregor active heave-compensated offshore crane with an outreach of 15m. A second smaller crane, which will have a safe working load of 100-tonnes at 9m outreach, is also included in the contract. The 400-tonne unit will have its winch installed below the working deck.

The cranes are scheduled for delivery at the beginning of 2014. This order has been booked to Cargotec's second quarter 2012 order intake.

Both cranes are equipped for subsea operations down to 3,000m and have been ordered for an advanced subsea offshore construction vessel (OCV) being built for Eidesvik Offshore.

"Offshore vessels have to operate in deeper and deeper waters, and loads are getting heavier too," says Frode Grovan, Cargotec's Sales and Marketing Director for Advanced Load Handling. "We have recognised the need to support the growing demand for these big offshore construction vessels."

The cranes are also equipped for cold-climate operations and will be delivered with a MacGregor 'Arctic package'. "Ensuring that these types of OCVs are capable of performing their tasks safely and efficiently in the challenging Arctic offshore environment requires specialised solutions," says Mr Grovan. "Our equipment therefore includes components and design features specifically aimed at ensuring this performance, along with providing comfortable conditions for personnel working in heavy-ice environments at extremely low temperatures."

The 145m SALT 301 OCV was designed by Salt Ship Design and is being built at Kleven Verft; an option remains for a sistership delivery in spring 2015. "Once delivered this OCV will be one of the largest and most advanced ships of its type," he adds.

Photo caption: 400t active heave compensated MacGregor offshore crane onboard North Sea Giant. 

Further information for the press:
Frode Grovan, Director, Sales and Marketing for Advanced Load Handling, tel: + 47 990 17 782
Heli Malkavaara, Communications Director, Marine, tel: +  358 2 412 1252

Further information for investors:
Paula Liimatta, Director, Investor Relations, tel: +358 20 777 4084

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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