MacGREGOR supplies specialist solutions for seismic duo

Press Release, February 5, 2009

The first two of six seismic vessels under construction for Polarcus at the Drydocks World – Dubai shipyard in the United Arab Emirates will feature MacGREGOR observation platform technology

MacGREGOR has delivered observation platforms to the first two of six seismic vessels under construction for Polarcus at the Drydocks World – Dubai shipyard in the United Arab Emirates. MacGREGOR has unrivalled experience in developing marine cargo handling and offshore load-handling solutions, and is part of Cargotec Corporation, world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centres, and ships.

The platforms located at mooring-deck are mainly used in mooring operations and are destined for use on board the owner’s two Ulstein Design type SX124 vessels “Polarcus Nadia” and “Polarcus Naila”.

Polarcus Nadia and Polarcus Naila are technically-advanced 3D seismic vessels capable of towing up to 12 streamers. They will each feature two MacGREGOR hydraulically-operated platforms designed and manufactured to the shape of the surrounding shell plating and delivered with pre-assembled coaming and ready tested in workshop. In open position, the platforms are supported by preventer stays and designed to carry a load of 500 kg.

MacGREGOR’s scope of supply per ship-set includes:
• two ready painted and preassembled doors with coaming
• two hydraulic power units with components
• two electric starter boards, control panels and components
• operating and maintenance manuals

The vessels are planned to enter service by the end of this year.

The MacGREGOR Group

MacGREGOR Group is the global market leader in engineering and service solutions for the maritime transportation and offshore industries. Ship owners, ship and port operators and shipyards in the commercial marine and offshore industries are our customers. Products include hatch covers, cranes, equipment for RoRo ships and ports, and solutions for cargo lashing, bulk handling, offshore load-handling and naval logistics. We also provide worldwide service and support.

MacGREGOR's 2008 net sales totalled EUR 985 million. MacGREGOR employed 2577 people at the end of December 2008. The Group operates in 50 major shipping and shipbuilding countries and its service network consists of approximately 60 service stations. Visit our website at www.macgregor-group.com

MacGREGOR is part of Cargotec Corporation, the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centres, and ships. Cargotec's sales total EUR 3.4 billion and it employs approximately 12,000 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki.

MacGREGOR