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Trade press release

Cargotec to deliver MacGregor active heave-compensated cranes for Volstad Maritime OCV newbuild

5/11/2011

CARGOTEC CORPORATION, TRADE PRESS RELEASE 11 MAY 2011 AT 11.00 AM EESTIn April Cargotec secured an order to supply two active heave-compensated (AHC) cranes for Volstad Maritime's large offshore construction vessel (OCV) on order at Bergen Group Fosen shipyard in Norway (hull 89), which is scheduled for delivery in the second quarter of 2012. The contract comprises a 250-tonne MacGregor AHC subsea crane and a 15-tonne MacGregor AHC offshore crane. The advanced OCV is an ST-259-CD design from Skipsteknisk, and is 125m long and 25m wide. The vessel is designed to the highest environmental standards and Clean Design requirements. It will be classed to Ice-1A.

"Cargotec's offshore competence centres are dedicated to designing complete solutions that define all functionalities of a purpose-built ship," said Jon Helle, Sales Director for Subsea Load Handling. "This enables us to respond to the market demand for total functional responsibility. Cargotec not only provides advanced technology, but is committed to delivering solutions that are available and working throughout theship's lifetime". In line with developing and implementing new technologies that contribute added value to its customers' businesses, Cargotec invested in developing a full-scale training simulator to provide enhanced training programmes to its customers. In addition to training operators on advanced MacGregor offshore load handling systems with active heave-compensation, the simulator helps demonstrate the function of products and assess elements such as their anti-collision characteristics, plan operations, and also log data for playback to evaluate and improve future operations. "Cargotec's global service network enables us to support our customers' ships wherever they operate, ensuring continuous, reliable and sustainable equipment performance," Jon Helle added.[ends]

Caption: Safe and efficient MacGregor 250-tonne AHC subsea crane

For further information please contact,
Jon Helle, Sales Director, Subsea Load Handling, tel. +47 913 56 209
Email: or Heli Malkavaara, Communications Director, Marine, tel +358 2 4121 252
Email:

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 2010 and it employs approximately 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. 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 inports and terminals.