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2015-04-17

Cargotec Corporation: Suezmax shuttle tankers benefit from MacGregor's Pusnes bow loading systems

CARGOTEC CORPORATION, PRESS RELEASE, 17 APRIL 2015 AT 9.30 AM (EEST)

MacGregor, part of Cargotec, has secured contracts to supply Pusnes bow
loading systems for three newbuild shuttle tankers intended for operations in
Brazilian waters. The order was booked into first quarter 2015 order intake.

South Korean shipyard Sungdong Shipbuilding&Marine Engineering Co Ltd will
install a Pusnes bow loading system on a 157,000 dwt Suezmax DP2 shuttle
tanker under construction for tanker specialist Tsakos Energy and Navigation
Ltd. The Greek headquartered company specified Pusnes loading systems for two
earlier shuttle tankers, the Brasil 2014 and Rio 2016, both delivered in
2013.

The other two systems will be installed on a pair of 156,000 dwt Suezmax
shuttle tankers under construction at Hyundai Heavy Industries in South Korea
for Knutsen NYK Offshore Tankers AS.

"These prestigious orders include engineering, production and commissioning of
our proven bow loading systems. They confirm our unique market position and
increase our already large installed base in Brazilian waters," says Ann-Kari
Heier, Vice President for MacGregor Offshore Loading Systems. "An impressive
reference list and our long, successful relations with the companies and
yards concerned combined with our strong market position made us win these
contracts."

Pusnes is the market leader in bow loading systems and has been supplying the
market for nearly four decades. Pusnes solutions provide safe and secure
connections that allow shuttle tankers to load oil directly from offshore
facilities while holding station by means of dynamic positioning systems.

For more information please contact:

Ann-Kari Heier, Vice President, Offshore Loading, MacGregor, tel. +47 918 27
286
Email:ann-kari.heier@macgregor.com

or

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

MacGregor offers world leading engineering solutions and services for handling
marine cargoes and offshore loads. The scope of our integrated packages is
growing and now also includes Hatlapa, Porsgrunn, Pusnes and Triplex
products.

MacGregor serves the offshore, maritime transportation and naval logistics
markets in ports and terminals as well as on board ships and rigs. MacGregor
solutions combine load and cargo access, stowage, care and handling functions
to optimise lifetime profitability, productivity and environmental
sustainability.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 OMX Helsinki Ltd under symbol
CGCBV.www.cargotec.com

---------------------------------------

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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