Competitive bid wins DSME crane orders for MacGREGOR

Cargotec’s MacGREGOR has won significant new crane orders from DSME, strengthening a history of co-operative agreements with the Korean shipyard

MacGREGOR has received an order for 28 hose handling and provision cranes from Korean shipyard Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME). MacGREGOR has unrivalled experience in developing marine cargo handling and offshore load-handling solutions, and is part of Cargotec Corporation, the world's leading provider of cargo handling solutions used in local transportation, terminals, ports, distribution centres, and ships.

”For many years now MacGREGOR has enjoyed fruitful co-operative agreements with DSME and we are pleased to be working with the company again for these projects,” said Anders Berencsy, sales manager for MacGREGOR Cranes. “It was a significant order for us as it was an open bid and the competition was strong from Korean suppliers”.

The cranes will be delivered during 2010 to 2012. They are destined for five VLCCs and two 147,000 dwt LNG carriers ordered by Greek and Brunei shipowners.

Each of the VLCCs will be fitted with two 20-tonne capacity hose-handling cranes, one 12.5-tonne capacity and one 3-tonne capacity provisions crane. The two hose-handling and two provisions cranes for the LNG tankers will each have a lifting capacity of 5 tonnes.

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