TTS Group receives crane order from China

TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS in Norway signed a contract for delivery of two offshore cranes worth approximately $9.7 million (60 MNOK).

The contract is with a shipyard in China, and concerns delivery of two cranes for an offshore vessel. The vessel is ordered by a Thailand registered shipowner.

The delivery will take place in the first quarter of 2016.

The contract is the second contract with the yard with identical scope.