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Press Release

Cargotec Receives Orders for 42 Ship Cranes


Cargotec's MacGREGOR business area providing marine cargo handling solutions has received orders for 42 ship cranes for vessels that will be built in China and in Taiwan. The value of the orders is approximately EUR 30 million. The orders have been booked in the second quarter of 2007.
The ship cranes will be delivered during 2008-2010 for vessels ordered by Chinese COSCO, German Peter Döhle and Hong Kong based Cido Shipping. The ship cranes delivered for COSCO's eight vessels will be of heavy lift type with 200 tonnes hoisting capacity and include double control systems as well as an auxiliary hoist for efficient handling of containers. Peter Döhle's six container vessels will be equipped with ship cranes with a 45-tonne hoisting capacity. In addition, the ship cranes with 40-tonne hoisting capacity will be delivered for three container vessels ordered by Cido Shipping. 
The ship cranes will be manufactured by MacGREGOR's partner plants in China.
Cargotec Corporation
Kari Heinistö
Senior Executive Vice President and CFO
Eeva Mäkelä
SVP, Investor Relations and Communications
For further information, please contact:
Svante Lundberg, Sales Manager, General Cargo Ships, Crane Division,
MacGREGOR, tel. +46 660 29 4036
Tore Jonsson, Sales Manager, Container Ships, Crane Division,
MacGREGOR, tel. +46 660 29 4010
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281
Cargotec is the world's leading provider of cargo handling solutions whose products are used in the different stages of material flow in ships, ports, terminals, distribution centers and local transportation. Cargotec Corporation's brands, Hiab, Kalmar and MacGREGOR, are market leaders in their fields and well-known among customers all over the world. Cargotec's net sales are EUR 2.7 billion. The company employs over 9,000 people and operates in close to 160 countries. Cargotec's class B shares are quoted on the Helsinki Stock Exchange.
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