Kleven Orders Subsea Crane from TTS

Norway’s TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS signed a contract with a value of approx. 65 – 70 MNOK with Kleven Verft AS.

This is the sixth contract with the Norwegian shipyard in the last 15 months.

The contract concerns delivery of a 250 ton active heave compensated subsea crane for operations down to depths of 3,000 meters.

“This strengthens the position of TTS in a growing market of handling equipment for the offshore industry,” TTS said in a press release.

Delivery will take place in December of 2014. The contract provides a cancellation right by Kleven Verft AS, valid until 1 August 2013.