First Cavotec MoorMasters in Scandinavia
Global engineering group, Cavotec MSL, has successfully completed commissioning of Scandinavia’s first fully automated vacuum-based mooring system, MoorMaster, with Danish ferry operator Nordic Ferry Services (NFS). MoorMaster is a vacuum-based automated mooring technology that moors vessels in seconds, eliminating the need for conventional mooring lines. The system counteracts vessel surge in port caused by changes in wave dynamics. The NFS installation includes two MoorMaster™ units in the port of Hov on the Danish mainland, Jutland, and a further two across the Århus Bugt at Saelvig Port on the island of Samsoe. The units will perform between six and eight mooring operations a day throughout the year.
Cavotec MSL Announces Completion of Secondary Share Placement
Cavotec MSL Holdings Limited said that an $18m secondary share placement to institutional and other habitual investors was executed on April 19. The placement was sole lead managed and underwritten by the investment banking firm Goldman Sachs JBWere. Thirteen current shareholders of Cavotec MSL participated in the transaction, including certain managers, directors and founding shareholders of the company. On average, these shareholders sold approximately 5% of their holdings. Each selling manager shareholder is subject to a standstill on further sales for a minimum period of 6 months.