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Press Release

Cargotec Receives Significant Offshore Crane Order from Finnish Finstaship

8/26/2008

Cargotec's MacGREGOR business area providing marine cargo handling and offshore load handling solutions has received significant offshore crane retrofit order. The order consists of two 150-tonne active heave compensated offshore cranes to Finnish shipowner Finstaship's two multi-service vessels Botnica and Nordica. The cranes will be delivered second half of 2010 from MacGREGOR facilities in Kristiansand, Norway. The order covers also a crew training programme.
 
The cranes will replace two existing cranes currently installed on the vessels. The new cranes enable operation in deeper waters and with better performance. The cranes will also be equipped with advanced features ensuring safe operation in harsh environment making Botnica and Nordica even better suited for arctic offshore duties.
 
The parties have agreed not to disclose the order value. In the third quarter of 2008, MacGREGOR's Offshore division has so far received orders worth 31 million EUR.
 
Sender:
Cargotec Corporation
Eeva Mäkelä
CFO
 
Further information for the press:
Øystein Bondevik, Director,  Offshore Division, MacGREGOR
tel. +47 95 72 34 13
Aija Kalander, Vice President External Communications, tel. +358(0)40 555 1637
 
Further information for investors:
Paula Liimatta, IR Manager, tel. +358 (0)204 55 4634

Cargotec improves the efficiency of cargo flows by offering handling systems and the related services for the loading and unloading of goods. Cargotec's brands, Hiab, Kalmar and MacGREGOR, are global market leaders in their fields and their solutions are used on land and at sea - wherever cargo is on the move. Extensive services close to customers ensure the continuous usability of equipment. Cargotec is the technology leader in its field, its R&D focusing on innovative solutions that take environmental considerations into account. Cargotec's sales exceed EUR 3 billion and the company employs approximately 12,000 people. Cargotec's class B shares are quoted on the OMX  Nordic Exchange Helsinki.
 
www.cargotec.com