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MacGregor Trade Press Release

MacGregor signs frame agreement with Teekay covering services for their 115 vessels

9/11/2017

CARGOTEC CORPORATION, TRADE PRESS RELEASE, 11 SEPTEMBER 2017 AT 11 AM EEST

MacGregor, part of Cargotec, has signed a five-year frame agreement with Teekay Shipping Ltd including spare parts, maintenance, training and project support for Teekay's 115 vessels. The agreement was signed during the second quarter of 2017.

According to the agreement MacGregor provides spare parts, maintenance, training and project support for the following equipment on board approximately 115 of Teekay's vessels:

  • Hatch covers
  • Hose-handling cranes
  • General-purpose cranes
  • Offshore mooring/loading systems
  • Deck machinery winches
  • Steering gear
  • Compressors

"We are happy that Teekay, one of our key customers, trusted MacGregor expertise to keep their fleet's cargo handling and mooring equipment working, says John Carnall, Senior Vice President, MacGregor Global Lifecycle Support. 

"The business relationship with Teekay goes back to Pusnes and Hatlapa brands with separate types of agreements. When discussions first took place it was clear there was a tremendous spread of installed base, says Steve Goodchild, UK Branch Manager. "The timing was right to present a global MacGregor portfolio approach to fit with the Teekay way of working with its prime contractors.  Thanks to close cooperation with my colleagues and Teekay team this was achievable," Mr Goodchild continues.

Teekay, established in 1973, has developed from a regional shipping company in to one of the world's largest marine energy transportation, storage and production companies with diversified assets of $12 billion in Offshore FPSO / FSO - Gas LNG/ LPG,  Conventional - crude / Long range product tankers amongst their services.

For more information please contact:
John Carnall, Senior Vice President, Global Lifecycle Support, MacGregor
Tel. +44 7793 243 332, Email: john.carnall@macgregor.com   

or

Heli Malkavaara, Senior Communications Manager, MacGregor,
Tel. +358 20 777 4500, Email: heli.malkavaara@macgregor.com

MacGregor shapes the offshore and marine industries by offering world-leading engineering solutions and services with a strong portfolio of MacGregor, Hatlapa, Porsgrunn, Pusnes and Triplex brands. Shipbuilders, owners and operators are able to optimise the lifetime profitability, safety, reliability and environmental sustainability of their operations by working in close cooperation with MacGregor.

MacGregor solutions and services for handling marine cargoes, vessel operations, offshore loads, crude/LNG transfer and offshore mooring are all designed to perform with the sea. www.macgregor.com

MacGregor is part of Cargotec. Cargotec's (Nasdaq Helsinki: CGCBV) sales in 2016 totalled approximately EUR 3.5 billion and it employs over 11,000 people. www.cargotec.com