TTS Nets $13.5 Mln in New Contracts

TTS Group ASA has, through its subsidiary TTS Marine GmbH in Bremen, has signed five new contracts with a total value of approx $13.5 million.

The largest contract is for complete delivery of hatch cover systems for two ConRo vessels, built for an US customer.

Other contracts are for anchor and mooring winches of various types. The contracts are signed with Hanjin, Hyundai Mipo Dockyard and Hyundai Heavy Industries for a total of 12 new vessels in Korea. The ship owners are from Israel, Germany, Malaysia and Norway, while vessel types are PCTC, Container, LNG and LPG Carriers.

The deliveries will take place within 2014 – 2016.

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May 15, 2014