Germany: TTS Marine Inks USD 10.7 Million Contract with Hyundai Mipo

TTS Marine Inks USD 10.7 Million Contract with Hyundai Mipo

Through its subsidiary TTS Marine GmbH in Bremen, TTS Marine ASA has signed a contract worth approximately 63,2 MNOK with Hyundai Mipo Dockyards in South Korea.

The contract concerns delivery of 24 cranes for six bulk carriers. The vessels will be built for a Turkish owner.

The delivery will take place in 2012 and first quarter 2013.

Bergen-headquartered TTS is a global enterprise that designs, develops and supplies equipment for the marine and oil and gas industries. The operations are split into three separate divisions: Marine, Energy and Port and Logistics.

TTS is one of the top three largest suppliers in its specialised market segments.

With a worldwide workforce of around 1100, TTS has over 40 years of experience in the marine industry. The group has subsidiaries in Norway, Sweden, Germany, USA, China, Finland, Korea, Czech Republic, Vietnam, Canada, Singapore, Italy, Greece and Brazil.

(63.2 million Norwegian kroner = 10.7022248 million U.S. dollars)


Shipbuilding Tribune Staff, December 20, 2011; Image: ttsgroup

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