TTS Group ASA has, through its subsidiary TTS NMF GmbH in Hamburg, Germany, entered a contract with Hyundai Mipo Dockyards Co. Ltd. in Ulsan, South Korea with a total value of NOK 40 million, the company said in its press release.
The contract concerns delivery of cargo cranes to Ray Shipping Ltd. for 4 x 61.000 DWT bulk carriers.
The deliveries will take place from 2014 to 2016.
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