Germany: TTS Marine Division Signs 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.

[mappress]

Source: TTS Group, September 19, 2011.