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MacGregor Trade press release

Seaspan trusts MacGregor for a series of container stowage system upgrades to improve fleet efficiency

3/30/2017

CARGOTEC CORPORATION, TRADE PRESS RELEASE, 30 MARCH, 2017 AT 11.00 AM EEST

Seaspan Corporation, world's leading independent owner, operator and manager of containerships, has placed an order with MacGregor for cargo system update of its eleven 10,000 TEU container vessels. Seven of the ships were returned to Seaspan from the bankrupt South Korean container carrier Hanjin Shipping and four of the ships are in final stage at the shipyard.

The work will be carried out under a MacGregor Cargo Boost service, which is designed to improve cargo carrying efficiency and the earning potential of existing container vessels. The upgrades include an individual plan for these vessels with focus on improving the vessel's earning potential resulting in efficient, modern and attractive fleet for today's challenging market. In addition to cargo efficiency upgrades, Seaspan also implemented other structural changes to improve the fuel efficiency as well.

The works on the ex-Hanjin vessels were started 20th January 2017 at three repair yards in Zhoushan area and the last vessel will be completed by the end of March 2017. The remaining four ships will be upgraded within April 2017. Some of the vessels have already returned to service.

"Market conditions and technology are always evolving; in this fleet upgrade program, we have taken advantage of the latest technology to deliver more competitive ships for our clients.  We trusted MacGregor because of our long co-operation and their ability deliver the overall cargo system upgrade from design and hardware to training and the software in form of  Interschalt MACS3 loading computer, says Peter Jackson, Vice President, Projects and Technology of Seaspan.

"The configuration for each upgrade case may be different, but all are designed to maximise the vessel's earning potential and bringing those to par with newer vessels. It is a combination of mechanical and engineering solutions together with software and trainings. The main target is to deliver greater cargo system flexibility to allow a wider range of containerised cargoes, summarises Leif Byström, Senior Vice President, Cargo Handling Division at MacGregor.
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The contracts were signed in December 2016 and January 2017 and reported accordingly. 

For more information please contact:
Leif Byström, Senior Vice President, Cargo Handling Division, MacGregor
Tel. +46 6 6029 4171, Email: leif.bystrom@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