TTS Group ASA : Further strengthened in Post Panamax market


TTS Group ASA has, through its subsidiary TTS Marine AB in Gothenburg, signed a new contract for equipment for the Post Panamax car carriers market with a total value of approx. 80 MNOK.

With this contract TTS has further strengthened its leading position within the emerging Post Panamax PCTC market. The contract includes delivery of cargo access equipment to three additional Post Panamax car carriers under construction at Xiamen Shipbuilding Industry Co., Ltd in China.

This is the eight Post Panamax Car Carrier contract for TTS Group in 2013. The TTS deliveries will be completed during 2015.

Bergen, 22 October 2013
TTS Group ASA


Tel.: +47 55 94 74 00 / Fax: +47 55 94 74 01

http://www.ttsgroup.com

Contact persons:

Johannes D. Neteland
President & CEO
M: +47 918 46 906

Arild Apelthun

CFO
M: +47 918 19 265

Miao Reinlund

VP Communications
M: +47 900 65 883
 
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
GlobeNewswire