CARGOTEC CORPORATION, TRADE PRESS RELEASE 3 APRIL 2012 AT 10 A.M. EEST
The high degree of reliability and performance expected from its offshore cranes has earned Cargotec orders from the wholly-owned subsidiaries of a Malaysian shipbuilding and vessel chartering group, Coastal Contracts Bhd
In March Cargotec has secured new orders for two 100-tonne active heave-compensated offshore cranes from the wholly-owned subsidiaries of a Malaysian shipbuilding and vessel chartering group, Coastal Contracts Bhd (together with its subsidiaries "Coastal Group"), which is headquartered in Sabah.
The cranes are destined for two 85m newbuild offshore support vessels currently under construction within the group. "There was strong competition for these new orders," says Frode Grovan, Cargotec Director, Sales and Marketing, Advanced Load Handling. "We were delighted that Coastal Group opted for our cranes and they will offer the new vessels high-precision reliable performance for a range of demanding offshore operations."
The delivery of the offshore cranes is scheduled within14 months and they will be manufactured in China.
For further information please contact:
Frode Grovan, Director, Sales and Marketing, Advanced Load Handling, tel. +47990 17 782
Email: frode.grovan@cargotec.com
or
Heli Malkavaara, Communications Director, Marine, tel. +358 2 4121 252
Email: heli.malkavaara@cargotec.com
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
MacGregor is the global market-leading brand in marine cargo handling and offshore load-handling solutions. Customer-driven MacGregor engineering and service solutions for the maritime transportation industry andthe offshore load-handling and naval logistics markets are used on board merchant ships, offshore support vessels, and inports and terminals.