MacGregor Snags USD 50Mln Deal

MacGregor Snags $50m Deal

MacGregor, part of Cargotec, has received further orders, worth around $50m, for optimised cargo handling systems from Hyundai Heavy Industries Co Ltd in South Korea.

The latest contract stems from the United Arab Shipping Company (UASC) exercising its options for six more A-14-series and one more A-18-series container vessels from the yard, taking the total number of 14,500 TEU container ships to eleven and 18,800 TEU container ships to six.

The original order, announced in November 2013, saw UASC order five A-14-series and five A-18-series container vessels.

The vessels are on a rolling schedule of deliveries that starts this year and continues into 2016.

All the container ships will feature optimised MacGregor cargo handling solutions designed to maximise their cargo carrying capability and operational efficiency.

The MacGregor cargo handling system comprises hatch covers, a comprehensive lashing system and the product software, Lashmate (TM).

A five-year extended MacGregor Onboard Care (MOC) agreement and a five-year operation guarantee are included in the contract.

“To meet our customer’s exact requirements and to maximise the vessels’ efficiency and earning potential, MacGregor’s specialist solutions business model has been applied to this order,” said Ari Viitanen, Director at MacGregor Customer Solutions.

“The advantages offered by our solutions approach are not limited to newbuilding projects; they can also be delivered through retrofit projects for existing individual vessels or fleets.”

Press Release; June 26, 2014

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