TTS Marine Secures Deck Equipment Orders from Korean Shipyards

TTS Group has through its subsidiary TTS Marine GmbH in Bremen signed three contracts for deck equipment with a value of approx. 46 MNOK (approx. USD 7,7 million).

Two of the contracts are signed with a Korean shipyard and concerns anchor and mooring winches for seven new ships under construction for German and Greek ship-owners.

In addition, a third contract has been signed with a Korean shipyard concerning hatch covers for five new container ships under construction for a Chinese shipowner. When launched, these container ships will be among the largest in the world (18,400 TEU).

The deliveries will take place in 2013 and 2014.

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TTS Group, July 31, 2013