Norway: Kleven Verft Contracts TTS Group

TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS signed a contract worth approximately 65 MNOK (approx $11.8 Mln). The contract is with Kleven Verft AS in Norway and concerns delivery of an active heave compensated subsea crane for an offshore construction vessel for REM Offshore ASA.

The delivery will take place in the second quarter of 2014.

TTS Offshore Handling Equipment offers a complete range of lifting equipment for offshore vessels including advanced active heave compensated solutions. Lifting requirements will always be specific to the vessel type. Its standardized building blocks will always be able to match the need for the individual vessel.

[mappress]
Press Release, February 5, 2013; Image: