TTS Group receives crane order from China

TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS in Norway signed a contract for delivery of two offshore cranes worth approximately $9.7 million (60 MNOK).

The contract is with a shipyard in China, and concerns delivery of two cranes for an offshore vessel. The vessel is ordered by a Thailand registered shipowner.

The delivery will take place in the first quarter of 2016.

The contract is the second contract with the yard with identical scope.

 

Press Release, July 24, 2014

 

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