OSV bulk-handling system's track record wins Cargotec orders for four more

CARCOTEC CORPORATION, TRADE PRESS RELEASE 12 JANUARY 2012 AT 10 A.M. EETMacGregor bulk handling systems are to be installed on four offshore support vessels (OSV) of various types under construction in Asia and Europe

In the last quarter of 2011 Cargotec secured contracts for MacGregor bulk handling systems for installation onboard four offshore support vessels (OSV) newbuildings belonging to two different owners; one in the UAE (two vessels) and the other in Spain (two vessels).

At the end of November, Grandweld Shipyards in the United Arab Emirates ordered MacGregor bulk handling systems for two anchor-handling tug/supply (AHTS) vessels, hull Nos 389 and 390. They will handle cement, barite and bentonite for their owner Halul Offshore Services Company, in Doha, Qatar. Equipment for both vessels is scheduled for delivery at the end of June 2012.

In December Cargotec received an order for MacGregor bulk handling systems to be installed on two PSVs (hull Nos 446 and 447) under construction at Astilleros Balenciaga S.A. in Spain, for North Star Shipping in Scotland, UK. The vessels will operate in the North Sea and will handle cement, barite and bentonite. The equipment is scheduled for delivery in June and November, 2012.

"For the owners, it was important that the vessels were fitted with simple and well proven bulk handling technology, with a solid track record," says Pankaj Thakker, Cargotec Sales Manager, Marine Selfunloaders. "Each installation will feature dust-free operation and low power consumption, making these some of the most environmentally-friendly systems available today."

Caption: Offshore support vessel, Brage Viking, fitted with asimilar MacGregor bulk handling system

For further information please contact,
Richard D. Silwerfeldt, Ship Type Sales Manager, Marine Selfunloaders, tel. +46 171232 70
Email: richard.silwerfeldt@cargotec.com

or

Pankaj Thakker, Sales Manager, Marine Selfunloaders, tel. +46 171232 56
Email: pankaj.thakker@cargotec.com
or
Heli Malkavaara, Communications Manager, 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.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. www.macgregor-group.com