Seaspan Ship Management Ltd: Two series of container vessels secured with lashings from Cargotec

 CARGOTEC CORPORATION, TRADE PRESS RELEASE 23 APRIL AT 10 AM (EEST)

In March Cargotec won further orders to secure container loads onboard a series of eight very large container carriers and five 4,500 TEU ships under construction in Korea

Cargotec has won a new container lashing order from international container shipping specialist, Seaspan Corporation, for its two series of ships under construction in Korea.

The contract calls for Cargotec to deliver loose container lashings for a series of eight 13,000 TEU very large container carriers, which will be delivered from Hyundai Heavy Industries and Hyundai Samho Heavy Industries between 2011 and 2012, and a second series of five 4,500 TEU container ships being built at Samsung Heavy Industries, which are planned for delivery between 2010 and 2011.

This latest order follows a separate series of contracts won earlier in the year for loose container lashings for two series of mega-sized container ships on order at Samsung Heavy Industries in Korea.

Cargotec offers MacGregor and AllSet lashing products and systems, which have designs based on years of experience. They offer the highest possible cargo safety standards and are quick and easy to operate to meet tight port schedules.

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For further information please contact:

Tommi Keskilohko, Sales Manager, Container Ships, tel. +358 40 5742 433

E-mail: tommi.keskilohko@cargotec.com

or

Heli Malkavaara, Communications Manager, tel. +358 (0)2 4121 252

E-mail: heli.malkavaara@cargotec.com

Notes to editors

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 2.6 billion in 2009 and it employs more than 9,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki. www.cargotec.com

MacGregor is the global market-leading brand in marine cargo handling and offshore load-handling solutions. Customer-driven MacGregor engineering and service solutions for the maritime transportation industry, and the offshore load-handling and naval logistics markets are used onboard merchant ships, offshore support vessels, and in ports and terminals. www.macgregor-group.com