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2016-02-03

Cargotec Corporation: Experts team up to launch MacGregor's technology-leading fibre-rope crane

CARGOTEC CORPORATION, PRESS RELEASE, 3 FEBRUARY 2016 AT 6 PM EET

MacGregor, part of Cargotec, can now offer the offshore industry a
technology-leading fibre-rope crane. The crane has been developed by
combining MacGregor's proven offshore crane technology with the fibre-rope
tensioning technology perfected by Parkburn Precision Handling Systems. The
companies have entered into a cooperation agreement to combine MacGregor's
offshore crane expertise with Parkburn's fibre-rope tensioning technology.

"MacGregor recognises that by partnering with experts in specific
technological areas, it can deliver solutions that exceed its own
capabilities," says MacGregor's Vice President, R&D and Technology, Baard
Trondahl Alsaker. "We see ourselves as being able to integrate the best
technology available to deliver systems with technology-leading
capabilities."

The new MacGregor crane features a simple-to-operate fibre-rope lifting system
that employs Parkburn's unique tensioning technology. The Parkburn equipment
eliminates the heating and degradation problems associated with on-load fibre
ropes stored on winch drums. Importantly, it can accommodate non-uniformities
resulting from splices in the rope.

"This is an important advance for handling loads at depth," says Mr Alsaker.
"The great advantage of fibre rope in this context is that it weighs
virtually nothing in water, so regardless of the length of rope paid out, it
does not add anything to the load experienced by the crane. This is in
complete contrast to the situation with wire rope, where the ever increasing
weight of wire paid out limits the load permissible in relation to depth."

The new crane will be introduced to the market as a 150T fully
heave-compensated knuckle boom crane with capability of reaching 4000m of
water depth, but the offering will be extended to the complete range of
MacGregor subsea crane fleet.

The MacGregor fibre rope technology is also suitable for retrofit on existing
subsea cranes. This enables upgrading the capabilities of existing
construction vessel fleet without having to build new vessels, an important
feature to meet the requirement for reducing the cost level of the industry.

Parkburn is a UK-based marine handling systems provider that has spent over 40
years perfecting the deep-water handing systems required in fire-rope cranes.
Its fibre-rope winch system can be delivered as digitally controlled
electrically-driven, or hydraulic-driven. Features include integral
active-heave compensation and power regeneration capabilities.

Click here to see the animation:

MacGregor fibre-rope crane: smaller crane to lift heavier loads, deeper. It
has less rope wear and greater power efficiency. The MacGregor fibre-rope
technology is also suitable for retrofit on existing subsea cranes. The
fibre-rope winch system can be delivered as digitally controlled
electrically-drive or hydraulic driven.

[ends]

For more information please contact:

Baard Trondahl Alsaker, Vice President, R&D and Technology, MacGregor

Tel. +47 90 63 8064, Email: baard.alsaker@macgregor.com

or

Heli Malkavaara, Senior Communications Manager, MacGregor
Tel. +358 20 777 4500, Email: heli.malkavaara@macgregor.com

MacGregor shapes the offshore and marine industries by offering world-leading
engineering solutions and services with a strong portfolio of MacGregor,
Hatlapa, Porsgrunn, Pusnes and Triplex brands. Shipbuilders, owners and
operators are able to optimise the lifetime profitability, safety,
reliability and environmental sustainability of their operations by working
in close cooperation with MacGregor.

MacGregor solutions and services for handling marine cargoes, vessel
operations, offshore loads, crude/LNG transfer and offshore mooring are all
designed to perform with the sea. www.macgregor.com

MacGregor is part of Cargotec. Cargotec's sales totalled approximately EUR 3.4
billion in 2014 and it employs approximately 11,000 people. Cargotec's class
B shares are quoted on Nasdaq Helsinki Ltd under symbol CGCBV.
www.cargotec.com

Photo 1
http://hugin.info/135578/R/1983388/726863.png
Photo 2
http://hugin.info/135578/R/1983388/726864.jpg

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cargotec Corporation via Globenewswire

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