Tts News

Korean Register (KR) has launched KR-Real360, a 360-degree XR (eXtended Reality)-based ship education and training program.KR-Real360 has been developed to provide users with the educational information necessary for ship operation and maintenance using the latest XR technology. Users can effortlessly locate educational resources, such as operation manuals, survey data, and checklists, available in diverse formats including images, text, PDFs, and videos within the ship's virtual reality environment…

Romania's Constanta port, Ukraine's main alternative route for grain since Russia's withdrawal led to the collapse of the Black Sea shipment deal, has capacity to handle extra cargoes until mid-August, the head of the port's business association said.He added operators were also seeking to increase capacity.Even before Russia on Monday quit a safe passage grain corridor through Ukraine's own ports, Constanta had emerged as the biggest alternative shipping route. It has handled roughly a third of Ukraine's grain exports since the start of the war.Transit pressure will mount on Constanta…

Austal has delivered two 58-meter Cape-class Patrol Boats to the Trinidad and Tobago Coast Guard (TTCG). The patrol boats, TTS Port of Spain (CG41) and TTS Scarborough (CG42), were delivered at a handover ceremony held at Austal Australia’s Henderson shipyard Friday. These are the first vessels of the type Austal Australia has delivered to an export market.Austal has so far delivered twelve Cape-class vessels in total and has six more under construction at its shipbuilding facility…

Swedish ship propulsion optimization and performance monitoring experts Lean Marine Sweden AB have appointed Jonas Persson to the role of Sales Director.In this position, Persson will hold overall responsibility for the expansion of the customer base for the automated propulsion optimization system FuelOpt and the smart performance management and reporting software Fleet Analytics worldwide, in addition to supporting Lean Marine’s existing customer network. He will also be responsible…

Cargotec's MacGregor has secured orders to equip Edda Wind's new offshore wind service vessels, ordered from Spanish shipyards.Two of the equipment packages were awarded by the shipbuilder Astilleros Gondán in Asturias for Edda Wind's Commissioning Service Operation Vessels (CSOV), the first of which will enter into a firm charter period of 11 years starting Q1 2022.Each of these vessels will be equipped with a Horizon all-electric walk-to-work gangway, including the largest integrated passenger lift ever fitted to a wind service vessel…

Spanish shipping company and ferry operator Baleària has established a natural gas supply in the port of Valencia using a so-called multi truck to ship (MTTS) bunkering system in which several tanks operate simultaneously to supply fuel to the ship.Baleària will use this new system daily, after the approval of Autoridad Portuaria de Valencia (APV – Valenciaport, Port Authority of Valencia), which guarantees the complete operation of ships operating with natural gas in that port.The MTTS system allows simultaneous supply of several tank vehicles abd Baleària utilises a collector manufactured by Kosan Crinsplant, which has been optimized by the Valencian engineering Cotenaval…

SAL Heavy Lift, a carrier specializing in sea transport of heavy lift and project cargo,  announced that it will expand its fleet with three heavy lift vessels with 800t lifting capacity in early 2020.The three vessels - “MV Hanna”, “MV Klara” and “MV Lisa” - will come to serve breakbulk and heavy lift clients on world markets via SALs well known Semi-Liner Service, but will also potentially offer new service options.When the new year 2020 dawns, SAL will see its fleet expanding with three vessels - an addition that aims to strengthen its semi-liner service and underline SAL as a leading player in the heavy lift and project cargo segment.

MacGregor, the provider of maritime cargo and load handling services, has secured orders to provide MacGregor equipment to a European port development project and TTS products to a naval project.The orders has a total value of approximately EUR 8 million, said the Cargotec group company.The orders were booked into Cargotec's fourth quarter 2019 order intake, with deliveries planned to commence during the fourth quarter of 2020 and completed during the first quarter of 2022.A TTS technical solution is being applied to the port development project, and MacGregor’s strong position and references leveraged in the naval project.‘’This is an excellent example of the combined strength of MacGregor and TTS…

MacGregor, part of Cargotec, has secured orders to provide MacGregor products to a Naval project in Europe and TTS products to a RoRo project in Asia. The total order value is more than $22 million and the contracts include ramps, car deck and lifting platform equipment. The orders were booked into Cargotec's third quarter 2019 order intake, with deliveries planned to commence during the third quarter of 2020 and completed during the first quarter of 2027.

Finnish cargo-handling machinery giant Cargotec announced that its unit MacGregor, which provides solutions and services for handling marine cargoes, has completed the acquisition of the marine and offshore businesses of TTS Group ASA."MacGregor business area has completed the acquisition of the marine and offshore businesses of TTS Group ASA. Cargotec announced in February 2018 an agreement to acquire the businesses for an enterprise value of approximately EUR 87 million," said a press statement from Cargotec.Completion of the acquisition follows receipt of required approvals from the relevant countries and authorities.The acquired businesses will be integrated within MacGregor's operating structure…

Marine and offshore equipment and services form MacGregor announced on Monday it has received a clearance decision from the Chinese competition regulator, SAMR, for the company’s acquisition of the marine and offshore businesses of TTS Group ASA. Based on revised estimates, potential cost synergies are estimated to be around EUR 25-30 million on annual level.MacGregor, part of Cargotec, had previously announced approvals from German and South Korean authorities in November and December 2018 respectively…

Ballast water treatment (BWT) specialist Optimarin reports positive developments in the market today, with the first six months of 2019 showing a year-on-year doubling of revenues, orders and a substantial increase in EBITDA. The Norwegian-headquartered company, has recorded increased business activity in key shipping areas such as North West Europe, South East Asia and the Mediterranean, while segments such as offshore are showing signs of recovery. “It’s a multi-faceted picture…

Cargotec’s MacGregor has hit roadblock to complete the acquisition of TTS Group’s marine and offshore businesses, originally proposed in February 2018.The provider of solutions for handling marine cargoes informed that the closing of MacGregor's TTS acquisition has been postponed to Q3 2019.On 8 February, 2018 MacGregor entered into an agreement to acquire the marine and offshore businesses of TTS Group ASA, a global provider of handling solutions and access systems and services for the marine and offshore industries.The acquisition is subject to regulatory approvals from the competition authorities in Germany, South Korea and China.MacGregor…

SAL Heavy Lift, a carrier specialized in sea transport of heavy lift and project cargo, has installed a Fly-Jib crane boom extension on MV Lone which will be used on an offshore wind project in Taiwan.The Hamburg-based company said in a press release that the Fly-Jib extends the crane hook to the height of some 70 metres and can be installed to each of the main crane booms of SAL’s Type 183 vessels.With the much greater lifting height and further outreach, SAL’s new Fly-Jib can meet clients demands when units become ever bigger and where one faces requirements to lift long components vertically – e.g. with offshore wind equipment. A challenge SAL faces just now with an offshore piling project.Sune Thorleifsson…

Optimarin is growing its staff to effectively handle the growing wave of ballast water management system refit activity.The company, which expects to double its turnover this year, has employed Leiv Kallestad as its new CEO, allowing Tore Andersen, the incumbent, to spend his time enhancing market focus and customer service. In order to handle the expected surge in retrofit installations, expected to peak in 2022-23, Optimarin will now make plans for additional expansion, with growth in the technical and sales departments.Optimarin has now sold 750 of its simple…

MacGregor, part of Cargotec, announced on February 8, 2018 that it has entered into an agreement to acquire the marine and offshore businesses of TTS Group ASA.The acquisition is subject to regulatory approvals from the competition authorities in Germany, South Korea and China. MacGregor announced the approval from the German regulator on November 6, 2018 and the approval from the South Korean regulator on 27 December 2018.MacGregor announced in December that it expected to receive approval from the competition authority in China and close the transaction during Q1 2019. Due to a longer than expected regulatory process in China, the company currently expects closing of the transaction to take place in Q2 2019.

Norway-based TTS Group ASA, a global provider of handling solutions and access systems and services for the marine and offshore industries, has been awarded a contract for sideloading systems for Norway-based expedition cruise operator Hurtigruten.TTS Group has also won a contract for ships equipment to another buyer. Total value of the orders is approximately NOK 38 mln (USD 4.5mln).Hurtigruten, the world’s largest and most sustainable expedition cruise line, is expected to install the advanced TTS sideloading systems on six different ships during 2019-2021.Building on 125 years of Norwegian pioneering heritage, Hurtigruten is today the world's largest expedition cruise company.Few days ago, TTS Group awarded a new contract with Cosco (Dalian) Shipyard Co., Ltd in China.

Norway’s TTS Group has been awarded a NOK 102 million (USD11.7 million) contract with Cosco (Dalian) Shipyard Company in China for five sets of cargo cranes and hatch covers."The contract regards five shipsets of cargo cranes and hatch covers. The equipment is for use on multi-purpose vessels," said a press note.Deliveries are expected to take place by the end of 2019, it said. Last year,  TTS Groupsecured another contract with Cosco (Dalian) Shipyard Co., Ltd in China for a shipset of cargo cranes and hatch covers.The TTS Group is an international corporation that provides first-rate handling solutions and access systems for the marine and offshore industries.

MacGregor, part of Cargotec, received a clearance decision from the South Korean Fair Trade Commission on the company's acquisition of the marine and offshore businesses of TTS Group ASA, which was announced on 8 February, 2018.MacGregor announced the approval from the German regulator on November 6, 2018 but is still waiting for the approval from the competition authority in China. As communicated on December 20, 2018, MacGregor expects to close the transaction in Q1 2019.

Offshore and subsea construction company Hydra said it has entered into the saturation diving market in anticipation of an offshore oil and gas sector rebound.Trevor Davis, president and CEO of the Texas-based company, said Hydra has converted its flagship vessel Subsea Responder and acquired a modular 200msw/12-man saturation diving system to prepare for new projects as the oil and gas industry experiences an upturn.“The oil and gas industry is showing signs of a bounce back [after] reaching a five-year low,” Davis said.

MacGregor, a part of Cargotec, has yesterday received a clearance decision from the German Federal Cartel Office (Bundeskartellamt) for the company's acquisition of the marine and offshore businesses of TTS Group ASA, which was announced on 8 February, 2018.  The completion of the intended transaction is still subject to regulatory approvals in China and South Korea. MacGregor expects to receive these approvals by the end of 2018 and to complete the transaction, according to the agreement, as soon as possible thereafter.

MacGregor and China State Shipbuilding Corporation (CSSC) have signed a Letter of Intent (LOI) on strategic cooperation. The LOI was signed on October 29, 2018 at an executive level meeting in Beijing led by Lei Fanpei, the CSSC Chairman and Michel van Roozendaal, MacGregor President.MacGregor sees that this cooperation will further strengthen its presence in Asia and specifically in China, the world's biggest shipbuilding market. CSSC is a very important partner for MacGregor, as it is the primary shipbuilding group in China and well positioned as a global leader in the industry.The LOI relates to MacGregor's planned acquisition of the marine and offshore businesses of TTS Group and future cooperation potential between the two groups.

MacGregor, part of Cargotec, has entered into an agreement to acquire the marine and offshore businesses from TTS Group, a global provider of cargo handling equipment and services for merchant and offshore ships for an enterprise value of EUR 87 million ($106 mln). The combination of the two businesses will produce greater scale and diversification and will strengthen MacGregor's portfolio and market position in key markets for cargo and load handling equipment. Based on preliminary estimates, potential cost synergies are estimated to be around EUR 30-35 million on annual level and are expected to be reached within three years from closing.