TTS Group ASA has, through its subsidiary TTS NMF GmbH in Hamburg, Germany, secured a new contract with Keppel Singmarine Pte. Ltd. in Singapore for the delivery of one 200t Leg Encircling Crane and one 50t pedestal offshore crane to the yard Nakilat-Keppel Offshore & Marine in Qatar.
The contract has a total value of approximately $8.4 million. Through this contract, TTS group has gained another foothold in the offshore market with the mid-size offshore lattice boom crane.
The contract is entered shortly after a successful installation of a crane based on the same TTS design principles. The 200 tonne Leg Encircling Crane is based on the design principles of the TTS NMF in-house developed 900 tonne heavy lift offshore crane, which was installed on board the jack-up vessel Aeolus in February 2014 in Hamburg, Germany.
Delivery of the cranes is scheduled to take place in March-May 2015.
[mappress] March 11, 2014