TTS Group Gets Option for Two Cranes (Norway)

TTS Group ASA has, through its subsidiary TTS Offshore Handling Equipment AS, been awarded an option of two cranes, to be installed on board a semi submersible accommodation rig.

The order was placed by China’s COSCO Qidong Offshore. The value of the order is estimated at approximately NOK 50 million (USD 8.2 million).

The semi-submersible accommodation vessel is ordered by Axis Vega Pte. Singapore Ltd., a joint venture company between J. Lauritzen A/S in Denmark and HitecVision AS in Norway.

The delivery will take place in July 2015.

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TTS Group, November 20, 2013