Norwegian TTS Group ASA has, through its new 50/50 joint venture company TTS-SCM Marine and Offshore Machinery Co., Ltd. in China, entered into a contract for delivery of marine equipment packages, consisting of heavy lift cranes, hatch covers and winches to six new multipurpose heavy lift vessels.
The package equipment approach brings the total order value up to approximately 270 MNOK for the six vessels.
The contract is signed with Shanghai Shipyard Co., Ltd., and is related to their order for six 28.000 DWT multipurpose heavy lift vessels that is going to be built as part of the ongoing fleet extension program of China Ocean Shipping Group Company (COSCO).
“The order represents a further belief in the strategic model TTS has chosen for the important Chinese market, says Björn Anderson, CEO of TTS Group ASA. “Localization of critical business projects in combination with key account ship type packages ensures the successful roll-out plan for TTS growth strategy,” Anderson ads.
Each ship is equipped with heavy lift cranes designs TTS NMF type DK II, two SWL 350t and one SWL 100t lifting capacity.
COSCO already operates eight identically constructed vessels with cranes delivered by TTS. In addition, TTS will deliver hatch covers and winches from the 50/50 joint venture company in China, TTS Hua Hai
TTS-SCM will offer marine cranes from 100 to 800 tonnes, suited for a range of heavy lifts and project cargo, as well as lattice boom cranes up to 1500 tonnes for various offshore work boats and supply vessels. The company will carry out development, design, manufacturing and assembly of cranes.
The new joint venture is located in Guangzhou, the capital and the largest city of the Guangdong province in South China and an important trade and industry hub. The delivery of the first ship will be in May 2016.