TTS Group ASA has signed a contract worth approximately 120 million Norwegian kroner through its subsidiary TTS Offshore Handling Equipment AS.
It is reported that the contract is signed with Daewoo Shipbuilding Co., Ltd., and will deliver four large offshore cranes and lifting treatment and pipelaying equipment for a drilling vessel of Vantage Drilling Company of the United States. The contract also includes three other preferred contracts for the same equipment. The contract is expected to be delivered in the third quarter of 2014.
TTS has a long history of serving the global shipbuilding and petroleum industries, and TTS Offshore Handling Equipment AS of Norway delivers a wide range of offshore cranes and loading solutions for these industry customers.
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