Cargotec's MacGregor secures $50 million of orders for further high efficiency cargo handling solutions from Hyundai Heavy Industries (HHI)
MacGregor, part of Cargotec, said it has received further orders, worth around $50 million, for optimized 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 containerships 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 containerships will feature optimized MacGregor cargo handling solutions designed to maximize 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 maximize the vessels' efficiency and earning potential, MacGregor's specialist solutions business model has been applied to this order," said Ari Viitanen, Director, MacGregor Customer Solutions. "This approach secures our early involvement in the ship specification phase, which is essential from the cargo system productivity point of view."
He added, "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."