Release Date:
Release ID: 1452

TTS succeeds in new market

Through its subsidiary TTS Offshore Handling Equipment in Ålesund, TTS Marine ASA’s Marine Cranes division has landed its first contract for the delivery of anchor handling winches.

The contract is worth about NOK 33 million, with the prospect of further deliveries to a value of about NOK 50 million.

This contract represents a breakthrough for TTS in the anchor handling market, says Ivar K. Hanson, Head of the Marine Cranes Division.

TTS will deliver equipment for two anchor handling vessels currently under construction in Japan by a Korean shipping company. The newbuildings are 150 ton BP vessels, with 12 000 horse power engines, to be equipped with 350-ton winches. TTS’ first delivery will be in June 2009. The contract furthermore entails option on equipment for three additional anchor handling vessels.

The shipping company has chosen a solution based on high-pressure hydraulics. – This market has been characterised by low-pressure hydraulics, and it is a great recognition for TTS to gain acceptance for this technology for anchor handling winches. The equipment includes a setup where TTS personnel may troubleshoot and diagnose the equipment via satellite, regardless of the vessels position. This functionality will strongly contribute to preventing and reducing the risk of a non-scheduled disruption in the operation of the winches.

With the anchor handling winches as part of its product portfolio, TTS has established itself as a broad supplier of handling equipment for offshore vessels.

Moreover, the company has previously made itself known for its innovative ability. Earlier this year, TTS Offshore Handling Equipment delivered the world’s first compensation system for helidecks to PGS Geophysical AS ’ new ship, the seismic vessel “Ramform Sovereign”.


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