MacGregor signs contracts to deliver Pusnes loading systems to Cosco Shipyard Group in China

MacGregor signs contracts to deliver Pusnes loading systems to Cosco Shipyard Group in China

ID: 451139

(Thomson Reuters ONE) -


CARGOTEC CORPORATION, PRESS RELEASE, 17 FEBRUARY 2016 AT 11 AM EET

By combining well-proven MacGregor Pusnes technology in bow loading and
offloading systems, MacGregor, part of Cargotec, has helped to develop a
solution that enables crude oil to be loaded directly from a floating production
storage offloading (FPSO) facility or a floating storage offloading (FSO) unit
to a conventional tanker, up to very large crude carrier (VLCC) size. The first
contracts for the systems have been signed with China's Cosco Shipyard Group.

"MacGregor, and its Pusnes brand, has a long history of developing pioneering
offshore loading systems within the industry," says Høye Høyesen, Vice
President, MacGregor Advanced Offshore Solutions. "Based on this legacy,
MacGregor was invited by Cefront Technology, who developed the concept, to
participate in the design and development of the loading systems."

The Cosco Shipyard Group orders will see MacGregor design, manufacture, deliver
and commission complete Pusnes loading systems for two cargo transfer (CTV)
vessels. The vessels will be built at Cosco Nantong Shipyard and at Cosco
Guangdong Shipyard. MacGregor deliveries are planned to start at the end of
2016.

Each vessel will feature MacGregor's well-known Pusnes bow loading and
offloading system, which principally comprises: two Pusnes bow loading systems,
one Pusnes offloading system, including the world's largest crude oil hose reel
with offloading hose; and two sets of Pusnes-patented releasable 700-tonne
hawser winches, in addition to auxiliary winches and an integrated
electro/hydraulic control system.

"MacGregor is proud of its long and close relationship with Cosco shipyards in
China," he adds. "The Cosco Shipyard Group is an important partner for the
future and has proved to be a strong player in the merchant and offshore




industries."

MacGregor has previously delivered four sets of Pusnes bow loading systems to
Cosco Nantong Shipyard and two sets to Cosco Zhoushan Shipyard, of which, one
project is still ongoing. In addition to these MacGregor has delivered a range
of deck machinery and steering gear to different Cosco shipyards.


Further information for the press:
Høye Høyesen, Vice President, Advanced Offshore Solutions, MacGregor
Tel +47 907 61 098, email: hoye.hoyesen(at)macgregor.com
Heli Malkavaara, Senior Communications Manager, MacGregor,
Tel. +358 20 777 4500, email: heli.malkavaara(at)macgregor.com

Further information for investors
Paula Liimatta, Director, Investor Relations, Cargotec, tel. +358 20 777 4084



MacGregor shapes the offshore and marine industries by offering world-leading
engineering solutions and services with a strong portfolio of MacGregor,
Hatlapa, Porsgrunn, Pusnes and Triplex brands. Shipbuilders, owners and
operators are able to optimise the lifetime profitability, safety, reliability
and environmental sustainability of their operations by working in close
cooperation with MacGregor.

MacGregor solutions and services for handling marine cargoes, vessel operations,
offshore loads, crude/LNG transfer and offshore mooring are all designed to
perform with the sea. www.macgregor.com

MacGregor is part of Cargotec. Cargotec's (Nasdaq Helsinki: CGCBV) sales in
2015 totalled approximately EUR 3.7 billion and it employs almost 11,000 people.
www.cargotec.com



This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Cargotec Corporation via GlobeNewswire
[HUG#1986720]




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Datum: 17.02.2016 - 10:00 Uhr
Sprache: Deutsch
News-ID 451139
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