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Press Release

Further strengthened in the post-Panamax market

TTS Group ASA has, through its subsidiary TTS Marine AB in Gothenburg, Sweden, signed two firm contracts for delivery of cargo access equipment to in total six car carriers. The total order value is approx. 137 MNOK.

The first contract is signed with Hyundai Heavy Industries, Ulsan, South Korea. The contract concerns the deliveries to four post-Panamax car carriers which are currently under construction at Hyundai Samho Heavy Industries in Mokpo. The TTS deliveries will be completed during 2015.

The second contract is signed with Nantong COSCO KHI Ship Engineering Co, Ltd (NACKS), Nantong, China. This contract concerns the complete deliveries to two 3,800 units LNG-driven car carriers which are currently under construction. The TTS deliveries will be completed during 2016.

TTS has in recent years developed a strong position as a preferred supplier within the emerging post-Panamax PCTC market, which is further strengthened through these contracts.


2014-08-14

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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