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Trade Press Release

MacGREGOR to supply total cargo handling solution for SE Shipping Lines Pte Ltd including new 450-tonne cranes

26/08/2008

Finstaship fits 150-tonne MacGREGOR offshore cranes to two multi-service vessels

Finstaship is upgrading two of its multi-service vessels, Botnica and Nordica, by retrofitting MacGREGOR Hydramarine offshore cranes Cargotec business area MacGREGOR has received an order from Finstaship to deliver two high performance Hydramarine offshore cranes each with a SWL 150-tonne active heave-compensated (AHC) winch system and a 20-tonne high speed auxiliary AHC winch. The cranes will be fitted on the 97m vessel Botnica, built in 1998, and the 116m Polar icebreaker/ tug/ supply vessel Nordica, which also features a MacGREGOR A-frame as part of its original outfit since delivery in 1994.

The new cranes have a hook travel length of 3,000m and a compensation speed of 120 m/min. In addition to the main winch, a second auxiliary high speed winch is installed. This winch also has subsea capacity and active heave compensation. The cranes are scheduled for delivery in the second half of 2010 from the MacGREGOR facilities in Kristiansand.

MacGREGOR Hydramarine offshore cranes will replace the two existing cranes currently installed on the vessels. The new cranes enable operation in deeper waters and with better performance. The cranes will also be equipped with advanced features ensuring safe operation in harsh environments, making Botnica and Nordica even better suited for arctic offshore duties.

The order includes MacGREGOR crew training programme.

Finstaship provides and develops a versatile range of efficient offshore, icebreaking, fairway, ferry traffic and ship management services for its customers. The primary market area is focused on the Baltic Sea and arctic regions. Finstaship turnover for 2007 totalled u201a 72.3 million and it had 485 employees.

In the third quarter of 2008, MacGREGOR Offshore division has so far received orders worth 31 million EUR.

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nordica
A new 150-tonne MacGREGOR active heave-compensated offshore crane to be fitted onboard Nordica

For further information please contact:
Mr ystein Bondevik, Director, Sales, MacGREGOR Hydramarine AS
Tel: + 47 95 72 34 13
E-mail: oystein.bondevik@macgregor-group.com

or

MacGREGOR Group press office:
Mr Steve Labdon, MacGREGOR Group Media Representative
Tel: +44 (0)20 8370 1740 Fax: +44 (0)20 8364 1331
E-mail: steve.labdon@j-l-a.com