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TTS Lands Record PCTC RoRo Contract

Maritime Activity Reports, Inc.

November 7, 2007

TTS has signed a contract with ship management firm Höegh Fleet Services to provide maintenance for 29 vessels. The deal is believed to be the biggest ever service contract for pure car/truck carrier (PCTC) RoRo equipment. The contract was signed in Oslo in late September 2007 by Höegh vice-president of purchasing Kristin Haugen and Dan Magnusson, TTS Ships Equipment’s service manager, and comes into effect January 1 2008. The contract, agreed by TTS’ Gothenburg office, provides for an extended maintenance agreement for the ships, and follows TTS’ successful design and supply of cargo access equipment for a series of PCTCs built for Höegh by Hyundai Heavy Industry, Gdynia Shipyard, Daewoo and Uljanic. Other ships are currently on order from Vinashin in Vietnam. The contract covers an extensive maintenance programme including expertise inspections, operational tests, hydraulic condition tests, steel structure survey, service and spare part stock agreement. The contract also includes deck machinery, ideal for TTS, which boasts one of the world-leading deck machinery maker, TTS Kocks in Bremen, Germany. TTS Kocks also has factories in Korea and China.

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