TTS Energy Signs Contract for Delivery of Subsea Crane

TTS Energy Signs Contract for Delivery of Subsea Crane

Through its subsidiary TTS Energy AS, TTS Group ASA’s Energy division has signed a contract worth approximately NOK 65 million.

The contract is with Kleven Verft AS in Norway and concerns delivery of a subsea crane.

The delivery will take place in May 2013.

The contract includes an option of two identical cranes with respective delivery 2.5 and 5 months after the first delivery.

Bergen-headquartered TTS is a global enterprise that designs, develops and supplies equipment for the marine and oil and gas industries. The operations are split into three separate divisions: Marine, Energy and Port and Logistics.

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Offshore Nieuws Staff, March 12, 2012; Image:  TTS