Norway: TTS Ships Equipment Lands Contract with Tsuji Heavy Industries

Today TTS Ships Equipment landed a contract with Tsuji Heavy Industries Co.LTD, China. The contract concerns delivery of side loading system, stern ramp, elevator and cranes for 2 vessels. TTS Group ASA’s subsidiary TTS Ships Equipment AS in Bergen signed contracts worth approximately NOK 88 million.

The deliveries will take place in 2012 and 2013. TTS Ships Equipment has options for delivery of similar equipment for 2 additional vessels.

Furthermore earlier this month TTS Ships Equipment signed three contracts:

-The contract with Gozo Channel company concerns delivery of hoistable cardecks for a car carrier. The delivery will take place in 2012.

-The contract with STX OSV Trading concerns delivery of side loading system and cranes for 3 vessels. The delivery will take place in 2012. TTS Ships Equipment has options for delivery of similar equipment for two additional vessels.

-The contract with Myklebust Verft AS concerns delivery of 3 cranes for ships under construction for Sanco Shipping AS. The delivery will take place in 2012.

(88 million Norwegian kroner = 15.723576 million U.S. dollars)

[mappress]

Source: ttsgroup, October 19, 2011