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Thursday, 18 May 2017

TTS Group ASA: New contracts for heavy lift cranes

TTS Group ASA    

Published: 13:44 CEST 18-05-2017 /GlobeNewswire /Source: TTS Group ASA / : TTS /ISIN: NO0003049405

TTS Group ASA: New contracts for heavy lift cranes

TTS Group has signed new contracts for totally 18 heavy lift cranes. The cranes are for multipurpose vessels under construction at a Chinese shipyard. The total order value is approx. 240 MNOK.


The crane contract is signed through the 50/50 owned subsidiary TTS SCM Marine and Offshore Machinery Co., Ltd. (TTS SCM), established by TTS Group and South China Marine Machinery (SCM) in 2015.


Equipment deliveries will take place during 2018 - 2019.


Bergen, 18 May 2017





Contact persons:

Toril Eidesvik

M: +47 900 78 218


Henrik Solberg-Johansen


M: +47 982 06 438


This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: TTS Group ASA, Folke Bernadottes vei 38, Bergen 5845, Norway
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