Cargotec signs EUR 10 million order for MacGregor anchor-handling systems

CARGOTEC PRESS RELEASE, 3 NOVEMBER 2010 AT 11.00 AM (EET)

In October Cargotec has secured EUR 10 million order from the Sinopacific Group in China for the supply of a further 16-shipsets of anchor-handling systems for BOURBON's newbuildings. The shipsets will be delivered between April 2011 and February 2012.

This contract follows an order placed in June this year for four ships in the same series, the first shipset is scheduled for delivery in Q1/2011.

The systems will be installed on anchor handling and tug supply (AHTS) vessels based on an SPA80 design and built by Zhejiang Shipyard. This design was jointly developed by major offshore oil and gas services company BOURBON and its partner Shanghai Design Associates (SDA).

"The systems employ proven technologies already specified for 54 Bourbon Liberty 200 series AHTS vessels, of which more than 30 have been delivered so far," explains Francis Wong, Cargotec's sales director for offshore load handling. "The safe and efficient AHTS equipment, with state-of-the art technology, has been specially designed and manufactured to meet BOURBON's operational requirements in continental offshore markets, as well as deepwater offshore fields.

Equipment being supplied includes: anchor windlass, anchor handling/towing winch, tugger winches, capstans, storage reel, power pack, and shark jaws/towing pins. "These orders also highlight the success of Cargotec's newly-implemented integrated marketing strategy for new sales and service products and systems, which will result in equipment maintenance agreements following the entry of these ships into service," Mr Wong says.

"Orders such as these confirm Cargotec's ability to secure its leading position as a provider of MacGregor solutions in three offshore load-handling segments: subsea load handling, anchor handling and deck and tug machinery".

Further information for the press:
Francis Wong, Sales Director, Offshore Load Handling, tel: +65 6861 3922
Anne Westersund, Vice President, Communications and Marketing, tel. +358 20 455 4460

Further information for investors:
Paula Liimatta, Investor Relations Manager, tel. +358 20 455 4634

Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are recognised leaders in cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totalled EUR 2.6 billion in 2009 and it employs approximately 9,800 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki. www.cargotec.com