MacGregor continues to win hatch cover contracts for Japanese container ship series

CARGOTEC CORPORATION, PRESS RELEASE, 11 JULY 2016 AT 10 AM EEST

MacGregor, part of Cargotec, has signed a contract for the design and delivery of key components and the fabrication of steel structures for the hatch covers on board five 14,000 TEU container vessels under construction at Japan Marine United's (JMU) Kure shipyard. The order was booked into the second quarter 2016 order intake.

"MacGregor enjoys a long and successful working relationship with JMU," says Hiroshi Goto Area Sales and Marketing Director, Cargo Handling, MacGregor. "The order builds on two similar previous contracts with the shipyard; one in 2015 for six vessels and the other for four vessels in 2014, taking MacGregor's delivery commitment to 15 ships in the same series."

The 144,285gt vessels will be all for a Japanese owner and they will be deployed for the service between Far East and Europe.

[ends]

Further information for the press:
Hiroshi Goto, Area Sales and Marketing Director, Cargo Handling, MacGregor,
tel. +81 3 6671 8352  ext.240, Email: hiroshi.goto@macgregor.com  
Tommi Keskilohko, Director, Customer Solutions, MacGregor,
tel +358 40 574 2433, Email: tommi.keskilohko@macgregor.com 

Further information for investors:
Leena Lie, Senior Vice President, Communications and Investor Relations, Cargotec Corporation,
tel. +358 20 777 4483

MacGregor shapes the offshore and marine industries by offering world-leading engineering solutions and services with a strong portfolio of MacGregor, Hatlapa, Porsgrunn, Pusnes and Triplex brands. Shipbuilders, owners and operators are able to optimise the lifetime profitability, safety, reliability and environmental sustainability of their operations by working in close cooperation with MacGregor.

MacGregor solutions and services for handling marine cargoes, vessel operations, offshore loads, crude/LNG transfer and offshore mooring are all designed to perform with the sea. www.macgregor.com

MacGregor is part of Cargotec. Cargotec's (Nasdaq Helsinki: CGCBV) sales in 2015 totalled approximately EUR 3.7 billion and it employs almost 11,000 people. www.cargotec.com