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It is reported that the order is signed with South Korea's Hyundai Heavy Industries in Ulsan, South Korea, and will deliver cargo inlet equipment for the four post-Panama car carriers being built by Hyundai SamhoHeavy Industries. It is also the seventh post-Panamax vessel contract of TTS Group in 2013. Delivery is expected to be completed in 2014.
TTS Group has signed a new contract worth approximately 60 million Norwegian kroner (US$9.9 million) in South Korea through its TTSMarine AB in Gothenburg, Sweden, further consolidating TTS in the emerging post-Panadian Pure Car Carrier (PCTC) market. leading position. TTS's technical solutions have greatly improved the efficiency of the next generation of car carriers.