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Press Release

New contract for successful offshore crane

TTS Group ASA has, through its subsidiary TTS NMF GmbH in Hamburg, Germany, secured a new contract for the delivery of one 800 tonne Leg-Encircling Crane. The crane is for a jack-up vessel, to be built for Belgium-based GeoSea at Uljanik shipyard in Croatia. The total contract value is approx. 120 MNOK.

Through this contract, TTS group has gained another foothold in the offshore market. The contract is the third in a row for a new, successful TTS design.

Soon after delivering a 900 tonne leg-encircling crane for windmill installation work in Q1 2014, TTS got another contract for this design. Now the third delivery is confirmed, marking an important milestone for TTS in the offshore market.

TTS NMF offers one of the widest ranges of offshore lattice boom cranes in the market from SWL 50t to SWL 1500t. The electro-hydraulic leg-encircling crane is supreme to safe deck space and ideally features high speeds for hoisting, luffing and slewing in each load step.

Delivery of the crane will find place in 2017.


2014-12-19

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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