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Cavotec shores up orders

During H1 2016 and the first weeks of Q3 2016, Cavotec has chalked up orders for its shore power systems with a total value of around €11.5M
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“The scope and diversity of these orders illustrate Cavotec’s established role as a key supplier of innovative shore power technologies in this expanding global market,” said CEO Ottonel Popesco.

In the first two quarters of 2016, Cavotec secured "alternative marine power" (AMP or "cold ironing") orders from customers worldwide for a diverse range of applications, including container vessels of up to 20,000 TEU, 400,000dwt bulk carriers, cruise ships, passenger ferries, offshore supply vessels, a special purpose vessel, a major naval application in the UK, and a large container terminal in Canada. The orders include a major bulk-handling project involving 30 VLOCs owned by three separate owners, all chartered to a leading mining group. These VLOC will call at seven major bulk terminals in China, and at ports in Brazil.

Continuing the positive trend of the first half of the year, the third quarter has also started strongly for Cavotec’s AMP technologies, with an order for 16 AMP systems for six new-build 13,500 TEU container vessels.

The range of applications included in these orders is matched by the technological variety of the systems Cavotec will supply: the equipment for these projects ranges from junction boxes, AMP Vault, AMP Reel systems, an AMPMobile unit, ship-based AMPTainers, an AMPTelescopic crane system, and storage systems.

These orders are in addition to the AMP, MoorMaster automated mooring, and Automatic Plug-in System project Cavotec announced in June for a passenger ferry application in Finland.

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