MacGREGOR to supply total cargo handling solution for SE Shipping Lines Pte Ltd including new 450- tonne cranes

Cargotec’s MacGREGOR business area has secured a contract with SE Shipping Lines Pte Ltd of Singapore worth around € 32 million MacGREGOR will supply a total cargo handling solution that includes hatch covers and company’s new 450-tonne SWL cranes for four firm 25,000 dwt heavy-lift vessels being constructed for SE Shipping at the Wenzhou Zhongou shipyard in China. Delivery of the cargo handling equipment is planned for 2010 and the first ship with new equipment is expected into service at the end of 2010. “We were looking for an environmentally friendly, cost efficient and reliable solution to transporting project cargo with focus on servicing the wind energy market with our new ships. Working in close co-operation with MacGREGOR already at the early stage will ensure that the cargo handling will be functional and most efficient for our needs and demands”, says Mr. Gaurav Bansal, CEO of SE Shipping Lines. “We aren’t simply supplying equipment to this customer: we are supplying a total cargo-handling solution. SE Shipping is undergoing an investment programme for its fleet, and as part of it MacGREGOR has spent considerable time working with the customer, with its design consultant, Polarkonsult, and with JKL-Shipbrokers AS of Norway who is acting as brokers for the Owner to develop this concept vessel”, says sales manager Svante Lundberg at MacGREGOR. “This is an important new contract for MacGREGOR for a number of reasons, including the fact that this is a new customer for us, and that this order will see the first ever reference for MacGREGOR’s new 450-tonne capacity crane,” Lundberg adds. SE Shipping Lines and Polarkonsult have gone for a new design for heavy lift ships – this will ensure that the vessels have a large degree of flexibility for transporting project cargo specifically for extra length and weight. SE Shipping was incorporated in Singapore in 2007. The company was founded with the aim to bridge the demand and supply gap in the Project cargoes and Heavy Lift shipping industry. MacGREGOR will supply shipsets comprising foldtite and rolling-type weatherdeck hatch covers, lift-away tweendeck hatch covers and its new 450-tonne capacity GLH deck cranes to the series of four 25,000 dwt heavy-lift ships. MacGREGOR’s cargo-handling shipset for each vessel comprises: • Two electro-hydraulic GLH deck cranes, which have a lifting capacity of up to 450 tonnes, a maximum hoisting speed of 36m/min, a luffing time of 150-220 seconds, and a maximum slewing speed of 0.65 rpm • 14 folding and rolling type hatch cover panels, which are operated by external hydraulic cylinders and are manually cleated and weathertight. Sealing between the hatch cover and coaming is achieved through rubber packing, which is fitted on the panel and tightened against the coaming. The packing is of sliding type, acting directly on the stainless steel mating plate on top of the coaming. Each joint sealing between the rolling panels and the joint between the rolling and foldtite panels is also achieved through rubber packing which is fitted on one panel and tightened against a counter rubber on the other panel. This MacGREGOR Omega-type rubber packing is removed by compressed air before operation of the covers. • 14 lift-away type hatch cover panels, which are crane-operated and are non- weathertight. The panels can be also be used also as grain bulkheads. New RoRo equipment contracts secure MacGREGOR’s leading supplier status Cargotec’s business area MacGREGOR has won new RoRo equipment and hoistable car deck contracts for 16 PCTCs worth over €55 million, securing its position as the largest supplier of cargo access equipment for car carriers and deep sea RoRo vessels MacGREGOR has secured orders to supply RoRo equipment and hoistable car decks for 16 pure car/truck carriers (PCTCs) under construction in China, Korea and Japan. The total value of the orders exceeds €55 million and all the equipment will be delivered during 2010-11. “With these orders, MacGREGOR secures its position as the largest global supplier of cargo access equipment for car carriers and deep sea RoRo vessels,” says Magnus Sjöberg, Sales director for company’s RoRo business line. The contracts cover the supply of RoRo equipment and hoistable car decks for: four 8,000-unit PCTCs to be built at Daewoo Shipbuilding & Marine Engineering (DSME) in Korea for Wallenius four 7,900-unit PCTCs to be built at Hyundai Heavy Industry (HHI) in Korea for Wilhelmsen four 3,500-unit PCTCs to built at Nantong Mingde Heavy Industry in China for PD Gram four 2,000-unit PCTCs to be built at Yamanishi Corporation in Japan for an Asian owner. At DSME and Nantong Mingde the contracts are extension of an existing series which in total comprise 13 vessels at DSME and eight at Nantong Mingde. These repeat contracts will see MacGREGOR supply the design and key component for the RoRo access equipment and the yard to fabricate the steel structures. The contract at Yamanishi is for the complete fabrication of RoRo equipment. At HHI, the contract calls for MacGREGOR to supply the design and key components for the RoRo equipment and the complete fabrication of the car decks that total 2,300 tonnes for each shipset. For further information: Magnus Sjöberg, Sales Director, RoRo ships Tel. +46 31 850 819 E-mail: magnus.sjoberg@macgregor-group.com MacGREGOR Group press office: Steve Labdon, MacGREGOR Group Media Representative Tel: +44 (0)20 8370 1740 Fax: +44 (0)20 8364 1331 E-mail: steve.labdon@j-l-a.com The MacGREGOR Group MacGREGOR Group is the global market leader in engineering and service solutions for the maritime transportation and offshore industries. Ship owners, ship and port operators and shipyards in the commercial marine and offshore industries are our customers. Products include hatch covers, cranes, equipment for RoRo ships and ports, and solutions for cargo lashing, bulk handling, offshore load-handling and naval logistics. We also provide worldwide service and support. MacGREGOR's 2007 net sales totalled EUR 748 million. MacGREGOR employed 2223 people at the end of December 2007. The Group operates in 50 major shipping and shipbuilding countries and its service network consists of approximately 60 service stations. Visit our website at www.macgregor-group.com MacGREGOR is part of Cargotec Corporation, the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centres, and ships. In 2007, Cargotec's net sales were EUR 3.018 billion. Cargotec's class B shares are listed on the Helsinki Stock Exchange.