TTS announces heavy lift contract cancellation due to shipyard bankruptcy in China

The contract which regards heavy-lift cranes is cancelled due to a shipyard bankruptcy in China, TTS said in its press release.
 
The contract was signed through the 50/50 owned subsidiary TTS SCM Marine and Offshore Machinery Company, and had a value of approximately MNOK 240.
 
The contract is now re-tendered through other shipyards, and TTS considers that the company has a reasonable chance of getting the new order.