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Trade Press Release

MacGregor system from Cargotec wins prestigious offshore industry innovation award

20/02/2012

CARGOTEC CORPORATION, TRADE PRESS RELEASE 20 FEBRUARY 2012 AT 11 A.M. EET

The offshore industry will reap commercial and safety benefits from an advanced chain wheel handling system delivered in response to customer demand

Cargotec's MacGregor Chain Wheel Manipulator has won Offshore Support Journal's Innovation of the Year award. The award was announced at the Annual Offshore Support Journal Conference in London on 15 February, and presented to Cargotec's sales team for Advanced Load Handling in front of an audience of over 400 people at the conference gala dinner.

The Offshore Support Journal innovation award recognises a product, system or service which is considered to have made a significant impact on the design, build and/or operational aspects of offshore support vessels in service during the previous calendar year. "We are delighted to have won such a prestigious award, particularly in the face of strong competition from a shortlist representing the best in innovative design from across the industry," said Frode Grovan, Director, Sales and Marketing, Advanced Load Handling.

Anchor-handling tug/supply vessels (AHTS) must be able to handle the variety of chain sizes employed in subsea mooring operations, and so they carry a range of interchangeable chain wheels which can weigh up to 12 tonnes. Cargotec developed the MacGregor Chain Wheel Manipulator in response to an approach from STX. The shipbuilder required a solution for five STX OSV design AHTS vessels under construction for DOF by STX Norway Offshore's subsidiary STX Offshore Brazil. These vessels are intended for operations some distance off the Brazilian coast under long-term contracts from Petrobras, which specified that it should be possible to change chain wheels at sea.

"Changing a chain wheel was previously complicated and labour intensive, and any movement of the vessel caused by wind or waves made it unacceptably hazardous, forcing a vessel to return to port and change the wheel alongside," said Mr Grovan."The trend offshore is to introduce remote-controlled devices that keep crew members clear of potentially hazardous operations while also improving a vessel's profitability. Cargotec developed the Chain Wheel Manipulator to meet both of these objectives. It is designed in accordance with Det Norske Veritas's rules for certification of lifting appliances, and can accommodate chain wheels of various sizes, covering all anchor-handling demands likely to be made of any AHTS".

The first installation of Cargotec's MacGregor Chain Wheel Manipulator was for DOF's 95m anchor-handling tug/supply vessel (AHTS) Skandi Amazonas, which also features a MacGregor offshore crane.

Picture: The MacGregor Chain Wheel Manipulator enables an anchor handler to safely change chain wheels at sea; an operation which previously usually meant returning to port

For further information please contact:
Frode Grovan, Director, Sales and Marketing, Advanced Load Handling, tel: +47 990 17 782
Email: frode.grovan@cargotec.com

or

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 3.1 billion in 2011 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com

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 andthe offshore load-handling and naval logistics markets are used on board merchant ships, offshore support vessels, and inports and terminals.

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