Kleven Cancels Offshore Crane Order with TTS

Kleven Cancels Offshore Crane Order with TTS

Kleven Verft AS has canceled a contract for delivery of a subsea crane with TTS Group.

The contract, announced on 24 May 2013, was awarded with an initial cancellation right that was valid until 1 August. This cancellation right was later extended until 1 September.

In a filing to Oslo Bors, TTS said: “Due to this cancellation right, TTS Offshore Handling Equipment AS had not yet started any work on the project.”

Before the cancellation, it was planned for  TTS to deliver the crane to Kleven in December 2014.

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World Maritime News Staff, September 1, 2013

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