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Trade Press Release

MacGREGOR Passenger ship and RoRo packages serve Color Fantasy

1/7/2005

December order flurry boosts MacGREGOR's hatch cover leadership in China

Orders for 37 hatch cover shipsets for container, multi-purpose and bulk carrier export projects booked in December confirm the leading status of MacGREGOR as a cargo access system supplier to the fast-expanding Chinese newbuilding industryThe latest contracts call for MacGREGOR design services and key components for lift-away and/or folding/side rolling hatch cover outfits for the following projects at Chinese yards:

- Two 4,250 TEU container ships ordered by OOCL from the Hudong-Zhonghua Shipyard

- Twelve 1,200 TEU container ships ordered by H Buss from the Zhejiang Ouhua Shipyard

-Twelve 700 TEU multi-purpose carriers ordered by GebrĀ¼der Winter from the Mawei Shipyard (continuing a series of nine ships already delivered to GebrĀ¼der Winter and another owner, OPDR)

- Four 17,300 dwt multi-purpose carriers ordered by Wagenborg from the Hudong-Zhonghua Shipyard

- Six 174,000 dwt bulk carriers ordered by Transmed from Bohai Shipyard

-A 51,000 dwt bulk carrier ordered by WEM Line from Zhejiang Shipyard

Firmly entrenched in third place in the world shipbuilding league, China continues to expand newbuilding capacity and extend expertise over a widening range of tonnage types to close the gap with Japanese and South Korean yards.

MacGREGOR is committed to sustaining its investment in design, production and aftermarket resources to support Chinese yards and domestic and export owners ordering newbuildings in the country. More than 50 people work in MacGREGOR Shanghai office to serve and support local shipyards and design offices, and shipowners having ships built in China.

China first purpose-built hatch cover factory resulted from a partnership forged in 1996/97 between MacGREGOR, the world leader in cargo access technology, and Nantong Ocean Iron & Steel Company. Operated by Nantong COSCO Ship Steel Structure Co. with supervision by MacGREGOR specialists, the advanced facility on the River Yangtze about 120km north west of Shanghai enjoys excellent transport links to Chinese yards and overseas shipbuilding markets.

A turn-key service extends from project definition and design through manufacturing to commissioning and full after-sales support.

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