CARGOTEC CORPORATION, PRESS RELEASE 21 MAY 2013 AT 10.00 AM (EEST)

A new dive support vessel (DSV), optimised for operations in the North Sea, will feature three MacGregor offshore cranes, enabling efficient load-handling in the subsea environment

MacGregor, part of Cargotec, has secured a new contract for one 120-tonne active heave-compensated (AHC) MacGregor offshore crane and two 10-tonne offshore cranes from South Korean shipyard Hyundai Heavy Industries (HHI). The cranes will be installed on a new 123m specialised dive support vessel being built for UK-based Subsea 7, a construction and services contractor for the offshore energy industry. The new vessel will be delivered at the end of 2015.

The larger crane is designed for operating at depths of around 500m at an outreach of 12m; the two smaller auxiliary cranes will operate at depths of 350m at 15m outreach.

"This vessel has been optimised for operations in the North Sea and the cranes form a critical element of this capability," says Frode Grøvan, Director, Sales and Marketing for Advanced Load Handling. "This is not the first time Subsea 7 has turned to us for a major crane contract. We fitted 250-tonne and 200-tonne AHC MacGregor cranes to its advanced diving vessel Seven Havila, which was delivered in 2011."

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For further information, please contact:
Frode Grøvan, Director, Sales and Marketing, Advanced Load Handling, MacGregor, tel. +47 990 17 782
Email: frode.grovan@cargotec.com

or

Heli Malkavaara, Communications Director, MacGregor, tel. +358 2 4121 252
Email: heli.malkavaara@cargotec.com

MacGregor is the world's leading brand of engineering solutions and services for handling marine cargoes and offshore loads. MacGregor products serve the maritime transportation, offshore and naval logistics markets, in ports and terminals as well as on board ships. Our cargo flow solutions integrate cargo access, stowage, care and handling functions to suit a particular ship's cargo profile. This benefits its productivity, environmental impact and profitable service lifetime. www.macgregor-group.com

MacGregor is part of Cargotec. Cargotec's sales totalled EUR 3.3 billion in 2012 and it employs approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com