On May 31, Konecranes (KNCRF)
announced a rubber-tired gantry
(RTG) order from Malta Freeport Terminals that included an option for a further ten RTGs. Malta Freeport Terminals has now taken up this option, and in August the companies signed an agreement for the additional ten RTGs. The crane deliveries will start in the second quarter of 2008. This is Konecranes' third RTG order from Malta Freeport Terminals, which after delivery of this order will have 30 Konecranes RTGs in its fleet. The latest order is part of Malta Freeport Terminals' ongoing project to increase terminal capacity in response to growing container traffic. Existing RTGs are being replaced with more productive and reliable cranes to speed up operations and minimize down time. Malta Freeport Terminals is owned by the French CMA CGM
, the third largest container shipping company in the world.