TTS Group Pens Its Fifth Post-Panamax Deal

TTS Group ASA has through its subsidiary TTS Marine AB in Sweden, signed a contract with a total value of approx. NOK 135 million ($23 million), the fifth Post-Panamax contract in 2013.

The contract is with Hyundai Heavy Industries in Ulsan, South Korea, and concerns delivery of cargo access equipment to two car carriers under construction. The contract also contains an option for deliveries of two additional vessels.

This is the fifth Post-Panamax contract this year, further securing the strong position TTS has obtained within the growing PCTC market. The unique TTS car deck design, stern ramps and technological solutions greatly increase the efficiency of the next generation of car carriers.

The deliveries will take place during 2014.

[mappress]

Press Release, August 14, 2013