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Press Release

TTS signs 120 MNOK contract for drillship crane package

TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS in Norway, signed a contract with a total value of approx. 120 MNOK.

The contract is with Daewoo Shipbuilding & Marine Engineering Co., Ltd. in Korea and concerns delivery of four large offshore cranes, additional equipment for riser handling and pipe handling for a drillship for Vantage Drilling Company, USA. The contract comprises three options for delivery of identical equipment.

“After being awarded a similar contract from STX Offshore & Shipbuilding Co., Ltd. In November 2012, this contract represents a final breakthrough in a very interesting and significant market segment. We have pursued prospects within this segment for a long time, and this contract enhances our position within offshore load handling” says CEO Johannes D. Neteland.

Read statement from November 2012:
TTS invest 5 MUSD in a drillship

TTS has long traditions in serving the worldwide shipbuilding and oil industry, where TTS Offshore Handling Equipment AS delivers offshore cranes and load handling solutions.

The delivery will take place in the 3rd quarter of 2014.


2013-08-28

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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