TTS Stacking Up Orders

Bergen-based supplier of equipment for marine and oil and gas industries TTS Group ASA has signed two supply contracts to equip four car/truck carriers and three cruise vessels with cargo and passenger access equipment.

The contracts have a total order value of about USD 41,5 million (NOK 360 million).

TTS said it will deliver cargo access equipment to four car/truck carriers (PCTC), which are currently under construction at a South Korean shipyard, with TTS deliveries scheduled to take place during 2016-2018.

“TTS has in recent years developed a strong position as a preferred supplier within the PCTC market, a position that is further reinforced through this contract,” TTS said.

Furthermore, the company received a contract for delivery of passenger and cargo access equipment to three cruise vessels currently under construction at a European shipyard.

The deliveries will be completed during 2017-2019.

TTS Group’s activities primarily involve the design, assembly and testing of equipment while, apart from manufacture of certain key components, production is undertaken by a global network of subcontractors.

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