TTS Energy Signs Contract for Delivery of Subsea Crane

Through its subsidiary TTS Energy AS, TTS Group ASA’s Energy division has signed a contract worth approximately NOK 65 million.

The contract is with Kleven Verft AS in Norway and concerns delivery of a subsea crane.

The delivery will take place in May 2013.

The contract includes an option of two identical cranes with respective delivery 2.5 and 5 months after the first delivery.

Bergen-headquartered TTS is a global enterprise that designs, develops and supplies equipment for the marine and oil and gas industries. The operations are split into three separate divisions: Marine, Energy and Port and Logistics.

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Offshore Nieuws Staff, March 12, 2012; Image:  TTS