TTS Group ASA: Winches contract to 11 Ultra Large Container Ships


TTS Group ASA has through its subsidiary TTS Marine GmbH in Bremen, Germany entered into a new contract for anchor and mooring winches to 11 Ultra Large Container Ships. The total order value is approx. MNOK 112.

The contract is with DSME (Daewoo Shipbuilding & Marine Engineering Co., Ltd) in South Korea, for the Danish company A.P. Møller - Maersk.  Both companies know TTS well, after TTS Group already has delivered similar equipment between 2012 and 2014 to another 20 vessels built at same shipyard for same ship owner.

The winches will be manufactured at TTS' factory in Korea. The deliveries will take place within 2016 - 2017.

Bergen, 17th September 2015
TTS Group ASA

Tel.: +47 55 94 74 00 / Fax: +47 55 94 74 01
http://www.ttsgroup.com

Contact persons:

Björn Andersson
CEO
M: +47 911 33 671

Henrik Solberg-Johansen
CFO
M: +47 982 06 438

Miao Reinlund
SVP Corporate Communications
M: +47 900 65 883

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.