TTS signs US$19.7m contract

29 Apr 2014

TTS Group is, through its subsidiary TTS Marine AB in Gothenburg, to supply cargo access equipment for Hyundai Heavy Industries (HHI) for a total value of NOK 118m (US$19.7m).

The equipment is for two separate contracts and will be for two new Post-Panamax car carriers currently under construction, as well as an increased scope of supply for an existing contract with the Hyundai Group.

These contracts were signed just a few weeks after TTS Group delivered four ship-sets of cargo access equipment to four Post-Panamax car carriers, with a total value of NOK 209m (US$34.9m).

All delivered are expected to be completed in 2015.

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