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Press release Cargotec

Proven MacGregor equipment benefits 15 Asian OSVs of all types

5/16/2012

 

CARGOTEC CORPORATION, PRESS RELEASE 16 MAY 2012 AT 11 A.M. EEST

In April, Cargotec secured new contracts  to deliver MacGregor anchor-handling, mooring and towing solutions for 15 offshore support vessels (OSV) of various types being built in China for Asian customers. The ships are being built in several shipyards in China for delivery throughout 2013 and 2014 to Coastal Offshore, Nam Cheong, Ezion Holding and Middle East interests.

Cargotec is supplying anchor-handling/towing solutions for two 59m anchor-handling tug/supply vessels, a 56.2m anchor-handling tug, and five 50m towing/utility vessels. Positioning mooring solutions are destined for two 100m/300-person accommodation/work barges, two 85m subsea maintenance/work support vessels, a 60m diving support vessel and two 105m subsea operation vessels.

"Most of the system components are established designs, and we have combined them to meet the needs of a particular ship type," says Francis Wong, Cargotec's sales director for offshore winch solution. "This ensures that each solution is well integrated and helps a ship type fulfil its specific functions. It also enhances a vessel's efficiency, safety and eco-friendly credentials throughout its entire lifecycle.

"We clearly see OSV demand coming back strongly in Asia, the Middle East, West Africa and South America at the beginning of 2012, and the market outlook is even promising," Mr Wong says.  "With Cargotec's strong global sales and service networks and leading technologies, we are prepared for the growth of the offshore market."     

Further information for the press:
Ilpo Heikkil√§, Vice President, Winches, tel. +65 68 688 502 
Anne Westersund, Vice President, Communications and Marketing, tel. +358 20 777 4460

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

 Caption: "100m 300men accommodation / work barge"

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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