Contract to Marine division company in Germany 20.12.2011

Through its subsidiary TTS Marine GmbH in Bremen, TTS Group ASA has signed a contract worth approximately 63,2 MNOK with Hyundai Mipo Dockyards in South Korea.

The contract concerns delivery of 24 cranes for six bulk carriers.
The vessels will be built for a Turkish owner.

The delivery will take place in 2012 and first quarter 2013.


Bergen, 20 December 2011.


Contact persons:

Johannes D. Neteland  
President & CEO 
Tel +47 918 46 906

Arild Apelthun   
CFO   
Tel +47 918 19 265


TTS Group ASA
Tel.: +47 55 94 74 00 / Fax: +47 55 94 74 01


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