TTS Inks Two Contracts with South Korean Shipbuilders

TTS Group ASA, through its subsidiary TTS Marine AB, has signed two contracts in South Korea worth approximately 72 MNOK – one with Hyundai Heavy Industries and the other with Daewoo Shipbuilding & Marine Engineering.

The contract with Hyundai Heavy Industries Co., Ltd. is delivery of internal and external ramps for two car carriers under construction for an Israeli ship owner.

The contract with Daewoo Shipbuilding & Marine Engineering Co., Ltd is delivery of internal and external ramps for two car carriers under construction for a Norwegian ship owner.

Delivery of the equipment will take place during 2013.

Bergen 12 September 2012.

TTS Group, June 28, 2013