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Marine Log

TTS ANCHOR HANDLING WINCH EQUIPMENT

May 5, 2008

TTS lands breakthrough anchor handling winch contract

The Marine Cranes division of Norway's TTS Marine ASA's has landed its first contract for the delivery of anchor handling winches.

Placed with TTS Offshore Handling Equipment, the contract is worth about NOK 33 million (about $6.5 million), with the prospect of further deliveries to a value of about NOK 50 million (nearly $10 million).

"This contract represents a breakthrough for TTS in the anchor handling market," says Ivar K. Hanson, Head of the Marine Cranes Division.

TTS will deliver equipment for two anchor handling vessels currently under construction in Japan by a Korean shipping company. The newbuildings are 150 ton BP vessels, with 12,000 horse power engines, to be equipped with 350-ton winches. TTS' first delivery will be in June 2009. The contract includes options on equipment for three additional anchor handling vessels.

The shipping company has chosen a solution based on high-pressure hydraulics.

TTS says that this market has been characterized by low-pressure hydraulics and that " it is a great recognition for TTS to gain acceptance for this technology for anchor handling winches."

The equipment includes provision for TTS personnel to troubleshoot and diagnose the equipment via satellite, regardless of the vessel's position. This capability will strongly contribute to preventing and reducing the risk of a non-scheduled disruption in the operation of the winches.


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