TTS Strengthens Its Position in Post Panamax Market

TTS Group ASA has, through its subsidiary TTS Marine AB in Gothenburg, signed a new contract for equipment for the Post Panamax car carriers market with a total value of approx. $13.5 million.

With this contract TTS has further strengthened its leading position within the emerging Post Panamax PCTC market. The contract includes delivery of cargo access equipment to three additional Post Panamax car carriers under construction at Xiamen Shipbuilding Industry Co., Ltd in China.

This is the eight Post Panamax Car Carrier contract for TTS Group in 2013. The TTS deliveries will be completed during 2015.

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TTS Group, October 23, 2013