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;

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