TTS Group wins three offshore and deck cranes contracts
- Business & Finance
A Bergen-headquartered TTS Group ASA has won three contracts through its Business Unit Offshore for delivery of offshore and deck cranes.
According to the company, the total worth of the contracts is about $13.21 million.
TTS said in its press release that the main contract is with Singapore-based Triyards Marine Services Pte Ltd for delivery of two active heavy compensated (AHC) subsea cranes for two vessels that are contracted by an Indian owner. The delivery is expected to take place in second and third quarter of 2016.
The other two contracts are for shipyards in Argentina and Norway. Three deck cranes for a product carrier are going to Argentinian yard. In addition, TTS will deliver deck cranes for six offshore vessels being built by Kleven Verft shipyard for Denmark’s Maersk. The delivery time for the Argentinian order is about ten months, and for the Norwegian shipyard it will be 12-16 months.
Commenting on these contracts for TTS, Björn Anderson, TTS Group CEO said: “Although the offshore market is in a very vulnerable position, we are actively working on segments showing growth. One is Offshore Support and Supply Vessels (OSV and PSV), where there is a need for AHC technology on medium sized cranes with 80-150 tonnes lifting capacity. The order for Triyards is a result of this.”