New Cargo Crane Contract for TTS NMF

TTS Group ASA has, through its subsidiary TTS NMF GmbH in Hamburg, Germany, entered a contract with Hyundai Mipo Dockyards Co. Ltd. in Ulsan, South Korea with a total value of NOK 40 million (approx. USD 6.5 million).

The contract concerns delivery of cargo cranes to Ray Shipping Ltd. for 4 x 61.000 DWT bulk carriers.

The deliveries will take place from 2014 to 2016.

TS Group ASA, December 9, 2013