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2016-01-18

Cargotec Corporation: MacGregor strengthens its heavy-lift market share

CARGOTEC CORPORATION, PRESS RELEASE, 18 JANUARY 2016 AT 10 AM EET

MacGregor, part of Cargotec, has strengthened its position in the heavy-lift
market by confirming an important new contract to deliver twelve 450-tonne
capacity heavy-lift cranes for six Ecolift F900 vessels. The 13,300 dwt
vessels are being built by two Chinese shipyards, Hudong and Huangpu
Wenchong, for long-term charter to US operator Intermarine. Options remain
for a further four vessels. The order was booked into fourth quarter 2015
order intake.

"This is a significant contract for MacGregor, representing important next
steps into the heavy-lift market," says Mattias Sundström, Sales and
Marketing Director for General Cargo Ships at MacGregor. "MacGregor is also
delivering deck machinery from our Hatlapa range, as well as the Porsgrunn
steering gear for these vessels," he continues.

"This order was received together with our partner Luzhou and MacGregor
equipment was chosen because we were able to provide an efficient and high
quality solution for our customer and can provide total lifecycle support
worldwide," Mr Sundström continues. Each vessel will feature two cranes with
a combined lifting capacity of 900 tonnes.

"The vessels are an efficient upgrade to our existing bridge-forward F-Class
ships. They have the advantage of better stability, larger holds, improved
cranes and reduced consumption," said Frank Fischer, Managing Director of
Tonnage Procurement, Intermarine, LLC.

The vessels will all be owned by China State Shipbuilding Corporation (CSSC)
Leasing. Germany's Hammonia Reederei subsidiary, Peter Döhle, will be
responsible for technical shipmanagement.

Delivery of the vessels will begin in the summer of 2017 and continue
throughout 2018. Hudong will build four vessels with options for two more.
Huangpu Wenchong will build two vessels, also with options for an additional
two. Crane deliveries start at the end of 2016.

Further information for the press:
Mattias Sundström, Sales and Marketing Director, General Cargo Ships,
MacGregor, tel. +46 660 294 226, Email:mattias.sundstrom@macgregor.com

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

Further information for investors:
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084

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

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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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