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KCI Konecranes Wins Crane Contract

Maritime Activity Reports, Inc.

December 8, 2005

KCI Konecranes has received an order for a Goliath Gantry Crane from Korean Daewoo Shipbuilding & Marine Engineering Co. The new 900-ton crane will be delivered to the Daewoo shipyard in Okpo in November 2006. The order value is approximately $18 million, and part of the construction work will be undertaken by the shipyard itself. The new Goliath crane will enable Daewoo to lift and turn ship blocks weighing up to 800 tons. The crane is equipped with two 450-ton hooks and one 500-ton hook. It stands 100 m high, spans over 148 m and employs 64 wheels to travel down a 500 m runway.

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