32 new container ship orders call for MacGREGOR hatch covers

17 June 2009

MacGREGOR – part of Cargotec Corporation – has secured new orders worth close to €10 million for 32 shipsets of lift-away hatch covers destined for container ships under construction in Japan and South Korea

During the second quarter of 2009, MacGREGOR received orders from a Japanese shipyard and various South Korean yards that will see the company supply lift-away hatch covers for a total of 32 container ships that range in size from 2,500 TEU to 12,600 TEU. 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.

These contracts include:

• the design and key component delivery of lift-away covers for 30 ships on order at South Korean shipyards for three European owners (five of these also include fixed container fittings as well).

• the design, key components and manufacture of lift-away hatch covers for two container vessels on order at a Japanese yard for Japanese owners.

MacGREGOR will deliver these orders from 2010 through to 2012.

MacGREGOR

MacGREGOR 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 provid er of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centres, and ships. Cargotec's sales total EUR 3.4 billion in 2008 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki.

MacGREGOR