Syncrolift AS has been awarded three contracts, with a combined value of approximately NOK 85 million, for various equipment deliveries for shiplifts and ship transfer systems. Song Thu Shipyard in Vietnam has placed a contract for an extension of a shiplift and transfer system previously supplied by Syncrolift. An undisclosed maritime zone in the Middle East has placed an order for a ship transfer system. In addition, Cochin Shipyard in India has entered into an agreement with Syncrolift to reactivate a previously paused shiplift project, with associated reimbursement to Syncrolift.

Syncrolift will conduct engineering and project management for all three projects from its headquarter in Vestby, Norway. Equipment deliveries and commissioning will be conducted throughout 2023 and 2024.