Norway's TTS Marine ASA wins NOK130m equipment order from ABG Shipyard Ltd in India

Norwegian marine and offshore systems and equipment provider TTS Marine ASA (OSE: TTS) said on Monday (16 June) that its subsidiary, TS Handling Systems AS, has landed a NOK130m equipment contract from ABG Shipyard Ltd in India.

The contract covers delivery of shipyard equipment, including a panel line for assembly and welding of steel sections and a ship transfer system for transporting complete ships to and from the launch arrangement (ship lift).

TTS Marine, headquartered in Bergen, Norway, is an international technology group supplying handling equipment to the marine and offshore industry. The group has 800 employees in 11 countries, and has annual sales of NOK1.6bn.

One British pound (GBP) is worth approximately 10.19 Norwegian kroner (NOK).

Source:Portnews