Germany: TTS Marine Division Bags Winch Systems Contract with HHI
Through its subsidiary TTS Marine GmbH in Bremen, TTS Group ASA has signed a contract worth approximately 25m NOK.
The contract with Hyundai Heavy Industries in South Korea concerns delivery of electric-driven winch systems for 4 container carriers for a German owner.
The delivery will take place within 2013 – 2014.
(25 million Norwegian kroner = 4.4301 million U.S. dollars)
Source: TTS Marine, September 20, 2011;