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2016-03-15

Cargotec Corporation: Kalmar hybrid shuttle carriers set a new industry benchmark in fuel consumption and emissions at The Port of Virginia

CARGOTEC CORPORATION, PRESS RELEASE, 15 MARCH 2016 AT 10 AM (EET)

Kalmar, part of Cargotec, and The Port of Virginia have released actual fuel
efficiency information on the Kalmar hybrid shuttle carriers in operation at
Virginia International Gateway (VIG), one of the port's two primary container
terminals.

According to the machine monitoring data, the average fuel consumption in
operation has been as much as 40% less than a typical fuel consumption level
of a traditional diesel driveline shuttle carrier.

"Based on the machine data, the average fuel consumption in operation has been
ca.10 litres per operating hour, as the diesel engine only runs about two
thirds of the time. In average the machines achieved productivity of 10,5
moves per operating hour," saysJoe Harris
, port spokesman. "We are extremely satisfied with the results. Thanks to high
fuel efficiency, operating costs are on a lower level. We also estimate that
one machine produces about 50 tons less carbon dioxide emissions in a year
compared to a traditional machine. In the long run, this means significant
cost savings and reduced emission levels for our terminal without
compromising productivity," he adds.

"The three hybrid shuttle carriers in VIG have been fully operational since
October 2015 and we have been collecting and analysing operational data since
then," says Dr.Tero Kokko
, Vice President, Horizontal Transportation at Kalmar. "The data from VIG
demonstrates that the hybrid shuttle carriers are delivering on the promise
and outperforming any competition. They are the first real hybrid shuttle
carriers deployed in the USA. We are very proud to be able to help our
customer to reach their targets."

Virginia International Gateway is a privately-owned marine container terminal
located along the Elizabeth River in Portsmouth, Virginia. The terminal is
under lease to the Virginia Port Authority (VPA) and is operated by Virginia
International Terminals LLC, the VPA's privately-held terminal operating
company.

Further information for the press:

Tero Kokko, Vice President Horizontal Transportation, Kalmar, tel.
+358405427427,tero.kokko@kalmarglobal.com

Maija Eklöf, Vice President, Marketing and Communications, Kalmar, tel. +358
20 777 4096,maija.eklof@kalmarglobal.com

Kalmar offers the widest range of cargo handling solutions and services to
ports, terminals, distribution centres and to heavy industry. Kalmar is the
industry forerunner in terminal automation and in energy efficient container
handling, with one in four container movements around the globe being handled
by a Kalmar solution. Through its extensive product portfolio, global service
network and ability to enable a seamless integration of different terminal
processes, Kalmar improves the efficiency of every move.www.kalmarglobal.com

Kalmar is part of Cargotec. Cargotec's (Nasdaq Helsinki: CGCBV) sales in 2015
totalled approximately EUR 3.7 billion and it employs almost 11,000
people.www.cargotec.com

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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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