TTS Marine Wins North Sea Contract

Through its subsidiary TTS Offshore Handling Equipment AS, Alesund in Norway, TTS Marine ASA's Marine Cranes division has landed a contract worth approximately NOK 33m for delivery of its first anchor handling winches.

The delivery will take place by the end of 2009.

The contract is landed with a Korean ship owner and concerns delivery of equipment to two anchor handling vessels which are under construction in Japan. The anchor handling winches has a capacity of 350 tons. The contract also includes option for equipment for additional 3 anchor handling vessels. With anchor handling winches included in the product portfolio, TTS Offshore Handling Equipment AS is established as a broad supplier of handling equipment for the offshore industry.

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