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Trade Press Release

Cargotec wins Best Supplier 2010 award from MHI Shimonoseki Shipyard

24/08/2011

CARGOTEC CORPORATION, TRADE PRESS RELEASE, 24 AUGUST 2011 AT 11 AM (EEST)Cargotec has won the Best Supplier award 2010 from Mitsubishi Heavy Industries Shimonoseki shipyard in Japan. It was given to Cargotec's Offshore business and local Japanese team and, in part, is recognition of the company's drive to understand future customer needs through the provision of an extensive geographic presence and strong collaboration with customers."This award is a great acknowledgement from an important customer in the Asian market," says Edvin TunheimTønnessen, Cargotec contract manager, Advanced Load Handling. "We were granted this award for delivery of a number of offshore load handling systems to the new marine resource research vessel (N1155); Hakurei. We have the capability to deliver integrated solutions that met specific operational requirements of our customer. Being recognized as the "best supplier" affirms solid reputation of MacGregor brand within the offshore industry.Hakurei is scheduled for delivery to the Japan Oil, Gas and Metals National Corporation (JOGMEC) at the end of January 2012. It replaces a deepsea exploration vessel Hakurei-maru No.2 and will be the first research ship in Japan equipped with two types of large-scale drilling system. In addition to seafloor mineral surveys, the owners hope that it will also survey for other energy resources, such as methane hydrate."Our contract with the owner called for an extensive engineering package and customised solutions for special operations," explains Mr Tønnessen. "These included some of the major MacGregor products for ultra deepwater operations and deck handling machinery." Most notably, deliveries to the new 118m vessel include: a 20-tonne knuckle-jib crane; an advanced moonpool-based module handling system, deck-skid system; a personnel lift; and several deepsea AHC winches with a capacity down to 10,000m. All winches in this series are fitted with a proven MacGregor electric drive system introduced four years ago. All the equipment is currently being tested onboard the vessel by Cargotec engineers.[ends]

Caption: Mr Matsuo, General Manager of Purchasing, Mitsubishi Shimonoseki (right) handed the award over to Mr Sadakane, President of Cargotec Japan (left) at Cargotec Japan's office in Tokyo on 1st JulyFor further information please contact:
Ikuma Sadakane, President, Cargotec Japan, tel: + 81 3 5403 1969
Email: Ikuma.sadakane@cargotec.comEdvin Tunheim Tønnessen, Contract Manager, Advanced Load handling, tel. +47 95781757
Email: edvin.tunheim.tonnessen@cargotec.com Heli Malkavaara, Communications Director, Marine, tel. +358 2 4121 252
Email: 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 2010 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.comMacGregor 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. www.macgregor-group.com

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