Through its subsidiary TTS Ships Equipment AS, TTS Group ASA’s Marine division has signed a contract worth approximately NOK 23 million.
The contract is with Hyundai Heavy Industries Co., LTD. in Korea and concerns delivery of offshore and marine cranes for three ships. The contract contains two options.
The delivery will take place in 2013.
23 000 000 Norwegian kroner = 4.001172 million U.S. dollars
Source: TTS Marine, March 21, 2012