Germany: TTS Marine Secures Electric-Driven Winch Systems Contracts

Through its subsidiary TTS Marine GmbH in Bremen, TTS Group ASA has signed contracts worth approximately 205 million NOK. The contracts are subject to owner’s approval. The delivery concern electric-driven winch systems for 20 container carriers at Daewoo Shipbuilding & Marine Engineering Co., Ltd in South Korea.

The deliveries will take place within 2012 – 14.

(205 million Norwegian kroner = 36.064215 million U.S. dollars)

[mappress]

Source: ttsgroup, November 11, 2011