Cargotec's new automatic MacGregor twistlock gains Germanischer Lloyd's approval

CARGOTEC CORPORATION, TRADE PRESS RELEASE 10 JULY 2012 AT 10 A.M. (EEST)Cargotec's newly-approved fully-automatic MacGregor twistlock offers significant safety advantages and time-savings in port; shipowners appreciate these features and commercial references are growing

Through its MacGregor brand, Cargotec has an international reputation as a market leader in developing safe and efficient container securing equipment. This continues with the introduction of its new fully-automatic MacGregor C8A twistlock, which has recently gained Germanischer Lloyd approval. "During the approval process, the C8A twistlock passed the strictest testing and performance criteria to which a product can be subjected," said Erik Stenvik, Director, Lashings."Maintaining our market-leading position as a container securing specialist requires continuous research and development," said Mr Stenvik. "We wanted to develop a design that successfully met or exceeded industry's changing operating requirements and all relevant ISO standards, without any compromise to safety." In addition to significant time savings in port, the new C8A twistlock offers important safety advantages for personnel involved with cargo-handling operations, because they are unlocked by the vertical lift of the discharging crane, rather than manually by stevedores. The C8A units also have a 'positive locking' mechanism that can manually lock the twistlock. This feature is used below lashing bar level to limit the peak forces acting on lashing bars and turnbuckles, and therefore increases cargo safety."By the very nature of their design, automatic twistlocks, lashing rods and turnbuckles are exposed to significant overload when corner castings do not comply with ISO standards, this can result in plastic deformations to lashing equipment. Our unique invention 'positive locking' safeguards the long-term performance of the ship's inventory of container lashing equipment," noted Mr Stenvik.German container shipping specialist, Hapag Lloyd awarded Cargotec a contract to supply all the lashing arrangements for its new series of ten 13,200 TEU vessels, including 175,000 C8A twistlocks. The ships are due to be launched in 2012 and 2013.Photo caption: Hapag Lloyd has chosen to fit Cargotec's MacGregor C8A fully-automatic twistlocks on its new series of ten 13,200 TEU container vessels (Picture: Hapag-Lloyd)For further information please contact:

Erik Stenvik, Director, Lashings, tel. +358 2 4121 423

Email: erik.stenvik@cargotec.com

Heli Malkavaara, Communications Director, Marine, tel. +358 2 4121 252

Email: heli.malkavaara@cargotec.comCargotec 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 3.1 billion in 2011 and it employs approximately 10,500 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 on board merchant ships, offshore support vessels, and in ports and terminals.