Inactive Instrument

TTS Group ASA Oslo Bors

TTS ASA : Two post-Panamax contracts affirm TTS’ strong performance

April 03, 2014 at 04:50 am EDT

MarketScreener.com By The editorial team

TTS Group ASA through its subsidiary TTS Marine AB in Sweden has received confirmation for delivery of four ship-sets of cargo access equipment to four post-Panamax car carriers, with a total value of MNOK 209.

The contracts are with Hyundai Heavy Industries in South Korea and Tianjin Xingang Shipbuilding Heavy Industry Co., Ltd. in China. Each shipyard has two post-Panamax car carriers currently under construction.

The new contracts are referred to Oslo Stock Exchange announcements on 14.08.2013 and 16.09.2013 that contain options for delivery of cargo access equipment to two further car carriers at each shipyard. These new contracts, have once again confirmed TTS holding a leading position with the emerging post-Panamax PCTC market.

The deliveries will be completed during 2015 and 2016.

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Company Profile

Nekkar Asa is a Norway-based holding company in the Nekkar Group. The Nekkar Groupâs segment structure consists of: Shipyard Solutions, Digital Solutions and Others. The Shipyard Solutions segment includes the business related to deliveries of ship lift and docking systems along with other products and services to shipyards and naval bases, the Digital Solutions segment is the competence hub that serves both other business areas in Nekkar along with customers outside the Group, while the Other segment includes Group functions in the Parent Company, the development projects within Aquaculture and Renewables and group elimination. The Companyâs has two wholly-owned subsidiaries: Syncrolift AS and Nekkar AS.

Sector

Heavy Electrical Equipment

Calendar

2024-05-16 - Q1 2024 Earnings Release

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