Norway: TTS Group to Supply Two Shipyards with Ship Handling Systems

TTS Group ASA, through its subsidiary TTS Handling Systems AS, has signed two contracts of ship handling systems with a total value of approximately NOK 50 million (approx USD 8.5 mln ) – one with Samho Ltd. in South Korea and the other with Pella Shipyard in Russia.

The contract with Samho Ltd. is for two shiplifts. The shiplifts will be delivered in July 2014, and are identical to previous contract with Samho Ltd from January 2012. The contract with Pella Shipyard is for a wedged slipway launching system and will be delivered in July 2013.

The projects will be developed by TTS Handling Systems AS, a company in the TTS Port and Logistics division. The Port and Logistics division supplies efficient horizontal heavyload solutions for Shipyards, Heavy industry and Ports.

TTS Group ASA is a global enterprise that designs, develops and supplies equipment for the Marine-, Port & Logistics- and Offshore handling Equipment industries. TTS is one of the top three largest suppliers in its specialized market segments and has 1 100 employees with operative units in 14 countries.

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Source: ttsgroup, August 10, 2012