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Press Release Cargotec

MacGregor receives an order for two subsea cranes for new Norwegian-owned Arctic construction vessel

10/14/2013

CARGOTEC CORPORATION, PRESS RELEASE, 14 OCTOBER 2013 AT 2.00 PM (EEST)

MacGregor, part of Cargotec, has received an order for two MacGregor active heave-compensated (AHC) offshore cranes from a Turkish shipyard for a new subsea inspection, maintenance and repair (IMR) and construction vessel for a Norwegian owner. A 250-tonne and a 15-tonne MacGregor subsea crane will be installed on the 129m vessel. The 250-tonne unit will have its winch installed below the working deck and will also feature wire rope integrity software. The order was booked in the third quarter 2013 order intake.

 "Environmentally-friendly and safe offshore operations are steadily becoming a standard for many operators," says Frode Grovan, Director, Sales and Marketing for Advanced Load Handling. "The MacGregor equipment shares this focus and will be delivered with the added benefit of wire rope integrity software, which enhances operational safety and allows an operator to monitor a wire's wear status and therefore plan for its replacement and even extend its lifespan."

The cranes will enable subsea operations to depths of between 2,600m and 3,000m and both will be fitted with a MacGregor Arctic package for safe and efficient operations in cold climates. The Skipsteknisk ST-259-design vessel is scheduled for delivery at the end of 2015.

Caption: A 400-tonne MacGregor subsea crane on board North Sea Shipping's North Sea Giant has a similar design with the main AHC winch installed under deck

Further information for the press
Frode Grovan, Director, Sales and Marketing, Advanced Load Handling, MacGregor, tel:  +47 99 01 77 82
Email; frode.grovan@cargotec.com
Heli Malkavaara, Communications Director, MacGregor, tel:  +358 2 4121 252, Email: heli.malkavaara@cargotec.com

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

MacGregor is the world's leading brand of engineering solutions and services for handling marine cargoes and offshore loads. MacGregor products serve the maritime transportation, offshore and naval logistics markets, in ports and terminals as well as on board ships. Our cargo flow solutions integrate cargo access, stowage, care and handling functions to suit a particular ship's cargo profile. This benefits its productivity, environmental impact and profitable service lifetime. www.macgregor-group.com

MacGregor is part of Cargotec. Cargotec's sales totalled EUR 3.3 billion in 2012 and it employs approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com

 

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