Syncrolift Deal Strengthens TTS Market Position
Through its subsidiary TTS Handling Systems AS, TTS Group ASA has signed an agreement with Rolls-Royce Marine North America Inc. for purchase of Syncrolift assets. The asset deal gives TTS Handling Systems AS an exclusive and unlimited right to conduct future business based on Syncrolift products and relevant intellectual properties and includes takeover of drawings of 250 shiplifts, patents and brand (Syncrolift). TTS successfully launched a strategic market initiative towards the shiplift market a few years ago, and has won the last seven contracts for shiplift newbuilds in the international market. Through the purchase of Syncrolift assetsā¦
TTS Marine Gets Order
Norwegian ship and port equipment supplier TTS Marine ASA said on January 28 its port and material handling subsidiary TTS Handling Systems AS has landed a NOK60m order from China Shipbuilding & Offshore International Co Ltd. The order covers the delivery of panel production line to increase the welding capacity at Shanhaiguan New Shipbuilding Industry Co Ltd. The equipment will be delivered during spring 2009.
Redundancy the Next Watchword?
The fact that the actual incidence of oil cargo spills as a percentage of global shipments is minuscule can never be a reason for any relaxation in the constant vigilance and unerring drive for risk minimization which must be practiced in all fields of tanker shipping. Certainly, there is no evidence of complacency. The industry's continual striving for improvements in vessel and system design, operating procedures, risk management processes and training has a powerful motivator in the increasing, manifold penalties associated with marine pollution. But professionalism and the striving to meet business objectives in a competitive world tend to be understated as the real drivers of advanceā¦
