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Press Release

TTS reinforced its leading position in Post Panamax market

TTS Group ASA has, through its subsidiary TTS Marine AB in Gothenburg, signed a new contract in China with a total value of approx. 72 MNOK.

With this contract TTS has further consolidated its leading position within the merging Post Panamax PCTC market.

TTS’ technological solutions have greatly increased the efficiency of the next generation of car carriers.

This year this is the sixth Post Panamax contract for TTS Group. The contract is with Tianjin Xingang Shipbuilding Heavy Industry Co., Ltd. in China. The contract concerns delivery of cargo access equipment for two Post Panamax car carriers which are under construction.

The equipment deliveries will be completed during 2014 and 2015. The contract also contains an option for deliveries to two further vessels.


2013-09-16

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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