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MacGregor receives subsea crane orders from Malaysia


April 30, 2014 - London

CARGOTEC CORPORATION, PRESS RELEASE 30 APRIL 2014 AT 10 AM (EEST)

MacGregor, part of Cargotec, has signed contracts for four subsea cranes with subsidiaries of a Malaysian shipbuilding, shiprepair and chartering group, Coastal Contracts Bhd. MacGregor 100-tonne SWL active heave-compensated (AHC) subsea cranes will be installed on four subsea support vessels (SSV) under construction at the shipyard. Delivery of the cranes is scheduled from June to December 2015.

"This latest contract builds on several similar orders from the Coastal Group," says Tom Svennevig, Vice President, Advanced Load Handling. "It demonstrates the confidence that the company has in our technology and the high degree of reliability and performance delivered by our subsea cranes."

Two units of 85m newbuild SSVs, currently under construction within the Coastal Group, will shortly be delivered. They also each feature a100-tonne SWL AHC offshore crane from MacGregor.

Caption: MacGregor subsea cranes deliver high degree of reliability and performance

Further information for the press:
Tom Svennevig, Vice President, MacGregor, Advanced Load Handling, tel.+47 909 42 330
Heli Malkavaara, Communications Director, MacGregor, tel. +358 2 4121 252
heli.malkavaara@macgregor.com

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

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.com    

MacGregor is part of Cargotec. Cargotec's sales totalled approximately EUR 3.2 billion in 2013 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com


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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cargotec Oyj via Globenewswire

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GlobeNewswire

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