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Cargotec Oyj (HEL:CGCBV) Cargotec Corporation, Press Release, September 19, 2008 at 2:15 p.m. Finnish time
Cargotec's MacGREGOR business area providing marine cargo handling and offshore load handling solutions has secured a contract with SE Shipping Lines Pte Ltd of Singapore worth around € 32 million. Delivery of the cargo handling equipment is planned for 2010 and the first ship with new equipment is expected into service at the end of 2010.
MacGREGOR will supply a total cargo handling solution that includes hatch covers and company's new 450-tonne SWL cranes for four firm 25,000 dwt heavy-lift vessels being constructed for SE Shipping at the Wenzhou Zhongou shipyard in China.
"We were looking for an environmentally friendly, cost efficient and reliable solution to transporting project cargo with focus on servicing the wind energy market with our new ships. Working in close co-operation with MacGREGOR already at the early stage will ensure that the cargo handling will be functional and most efficient for our needs and demands", says Mr. Gaurav Bansal, CEO of SE Shipping Lines.
"We aren't simply supplying equipment to this customer: we are supplying a total cargo-handling solution. SE Shipping is undergoing an investment programme for its fleet, and as part of it MacGREGOR has spent considerable time working with the customer, with its design consultant, Polarkonsult, and with JKL-Shipbrokers AS of Norway who is acting as brokers for the Owner to develop this concept vessel", says sales manager Svante Lundberg at MacGREGOR.
"This is an important new contract for MacGREGOR for a number of reasons, including the fact that this is a new customer for us, and that this order will see the first ever reference for MacGREGOR's new 450-tonne capacity crane," Lundberg adds.
SE Shipping Lines and Polarkonsult have gone for a new design for heavy lift ships - this will ensure that the vessels have a large degree of flexibility for transporting project cargo specifically for extra length and weight. SE Shipping was incorporated in 2007 in Singapore. The company was founded with the aim to bridge the demand and supply gap in the Project cargoes and Heavy Lift shipping industry.
Sender: Cargotec Corporation Eeva Sipilä CFO
Further information for the press: Svante Lundberg , Sales Manager, General Cargo Ships, MacGREGOR tel. +46 660 294 036 Mikael Liljeström, Sales Manager, General Cargo Ships, MacGREGOR, tel. +358 2 4121 273. Aija Kalander, Vice President External Communications, tel. +358 40 555 1637
Further information for investors: Paula Liimatta, IR Manager, tel. +358 204 55 4634
Cargotec improves the efficiency of cargo flows by offering handling systems and the related services for the loading and unloading of goods. Cargotec's brands, Hiab, Kalmar and MacGREGOR, are global market leaders in their fields and their solutions are used on land and at sea - wherever cargo is on the move. Extensive services close to customers ensure the continuous usability of equipment. Cargotec is the technology leader in its field, its R&D focusing on innovative solutions that take environmental considerations into account. Cargotec's sales exceed EUR 3 billion and the company employs approximately 12,000 people. Cargotec's class B shares are quoted on the OMX Nordic Exchange Helsinki. www.cargotec.com
