On-line supplement
to the Maritime Market magazine

TTS – Agreement regarding offshore co-operation in China

TTS Group has entered into a strategic co-operation agreement with the Chinese shipbuilding group, Dalian Shipbuilding Industry Corporation (DSIC) regarding drilling equipment to the offshore industry.

TTS will through its Energy Division provide design, marketing, commercialization and delivery of drilling packages to DSIC's projects.

China aims to become a leading supplier to the offshore industry, and the agreement enables TTS to strengthen its position in this market, says CEO Johannes D. Neteland.

The co-operation on deliveries of equipment to customers in the offshore market will be organized through TTS Bohai Machinery, a joint-venture company owned of TTS and DSIC. The co-operation with DSIC and TTS Bohai has a considerable potential during the next 3-5 years period.

Please see TTS Group ASA company electronic office

For further information, please contact
Bjorn Andersson,
CEO & President,
TTS Group ASA,
Phone (+47) 911 33 671

Henrik Solberg-Johansen,
CFO TTS Group ASA,
phone (+47) 982 06 438

Miao Reinlund,
Vice President Corporate
TTS Group ASA,
phone (+ 47) 900 65 883

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