Cargotec supplies two 10-point MacGregor mooring systems for two offshore pipe-laying heavy-lift offshore construction vessels

CARGOTEC CORPORATION, PRESS RELEASE 10 APRIL 2012 AT 10 A.M. EEST

Cargotec has received an order to supply a total of twenty 150-tonne electric MacGregor winches for two pipe-laying heavy-lift offshore construction vessels (N448 & N449) which are currently being constructed  at Cosco (Nantong) Shipyard Co Ltd in China. The vessels are being built for Malaysian offshore installation and maintenance specialist TL Offshore Sdn. Bhd., a wholly-owned subsidiary of SapuraCrest Petroleum Bhd. The order is booked in the first quarter of 2012.

Each MacGregor mooring system includes ten electric mooring winches, wire rope leading sheaves and accessories. "The mooring winch system is designed to maintain its designed limit of movement in all anticipated sea and weather condition," explains Ilpo Heikkilä, Vice President for winches at Cargotec.

The two vessels are scheduled for delivery by the beginning of 2014 and will be deployed for marine construction contracts in Australia and regions in the Middle East and North Africa, for major oil companies. Cargotec is scheduled to deliver the mooring systems in the first quarter of 2013.

"Cargotec's reputation in the industry was important to the customer, along with our technical competency, and the fact that we have established service networks, both internationally and locally, enabling us to respond quickly," Mr Heikkila says. "Our equipment also complies with the most stringent technical requirements."

"To be awarded this project is testimony to our efforts to be the preferred deck machinery supplier for the oil & gas industry. It signifies the beginning of our working relationship with SapuraCrest in future major projects. The customer already has experience of our equipment, as the QP 2000 derrick lay barge acquired through a joint venture features 12 x 150-tonne MacGregor mooring winches."

Further information for the press:
Ilpo Heikkilä, Vice President, Winches, tel. +65 68 688 502 
Anne Westersund, Vice President, Communications and Marketing, tel. +358 20 777 4460

Further information for investors:
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084

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 3.1 billion in 2011 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com