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Press release Cargotec

Volstad Maritime returns for repeat offshore crane contract from Cargotec

3/12/2012

 

CARGOTEC CORPORATION, PRESS RELEASE 12 MARCH 2012 AT 10.30 A.M.

Following on from an order in April last year, Cargotec has won a contract for two active heave-compensated (AHC) offshore cranes from the privately-owned Norwegian specialist operator, Volstad Maritime.

The two cranes, a 250-tonne MacGregor AHC subsea crane and a 15-tonne MacGregor AHC offshore crane, will be fitted to Volstad's new offshore construction vessel (OCV) on order at Bergen Group Fosen shipyard in Norway. The vessel (hull 90) is scheduled for delivery in August 2013, and following this, it will be chartered for subsea intervention services.

This contract follows an identical one that was secured by Cargotec in April last year for Volstad's hull 89, which is due for delivery from the yard in July this year.

"We are very pleased that Volstad has returned to Cargotec for a repeat contract," says Frode Grovan, Director, Sales and Marketing for Advanced Load Handling. "It is Cargotec's strategic aim to benefit its customers by driving innovation and taking the lead in further developing the industries it is in; offshore construction is a growing market and Cargotec is well-positioned to supply the advanced technology that it demands."

Like its sistership, Volstad's latest OCV is an ST-259-CD design from Norwegian consultants, Skipsteknisk, and is 125m long and 25m wide. The vessel is designed to the highest environmental standards and Clean Design requirements. It will be classed to Ice-1A.

Caption: MacGregor 250 tonne AHC crane onboard Northocean 104

Further information for the press:
Frode Grovan, Director, Sales and Marketing, Advanced Load Handling, tel. +47 99 01 77 82
Heli Malkavaara, Communications Director, Marine, tel. +358 2 4121 252

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 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com

 

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