Contracts to TTS Marine division

TTS Group ASA's subsidiary TTS Ships Equipment AS in Bergen signed contracts worth approximately NOK 88m.

Today TTS Ships Equipment landed a contract with Tsuji Heavy Industries Co.LTD, China. The contract concerns delivery of side loading system, stern ramp, elevator and cranes for 2 vessels. The deliveries will take place in 2012 and 2013. TTS Ships Equipment has options for delivery of similar equipment for 2 additional vessels.

Furthermore earlier this month TTS Ships Equipment signed three contracts:

-The contract with Gozo Channel company concerns delivery of hoistable cardecks for a car carrier. The delivery will take place in 2012.

-The contract with STX OSV Trading concerns delivery of side loading system and cranes for 3 vessels. The delivery will take place in 2012. TTS Ships Equipment has options for delivery of similar equipment for two additional vessels.

-The contract with Myklebust Verft AS concerns delivery of 3 cranes for ships under construction for Sanco Shipping AS. The delivery will take place in 2012.

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