TTS Receives Order for Offshore Cranes from Singapore

TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS (OHE) in Norway signed a contract for delivery of two offshore cranes worth approximately 50 MNOK (approx. USD 8.4 million).

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

The delivery will take place in the second quarter of 2015.

The contract comprises an option which must be exercised by 30 November 2013 for identical scope of supply.

[mappress]

TTS, July 22, 2013