The order covers 30-ton ship cranes for 31 vessels. Each vessel has four cranes.
The cranes are to be delivered before the end of 2010.
TTS Marine, headquartered in Bergen in Norway, is a global developer and supplier of ship and shipyard equipment. It has some 800 employees worldwide and has annual sales of approximately NOK1.6bn. TTS Marine is listed on the Oslo Stock Exchange and traded under the ticker TTS.
One British pound (GBP) is worth approximately 11.20 Norwegian kroner (NOK).