Revenue growth for TTS, with reduced profit in Q3 due to a weak offshore market
A negative result of MNOK 48 in the offshore segment, including a MNOK 20 write-down of inventories, contributed to a Q3 profit in TTS Group before interest, taxes and depreciation (EBITDA) of minus 12 MNOK with turnover of MNOK 805.
TTS to equip the second ferry duo for Gotlandsbolaget to be built in China
TTS Marine AB, a subsidiary of TTS Group ASA, has again secured a Ro-Ro contract. This time a contract to supply Ro-Ro equipment to Rederi AB Gotland’s new vessel ordered in June 2015, an option to the vessel signed in 2014 with Guangzhou Shipyard in China.
TTS to deliver access equipment for the world largest hospital ship
TTS Marine AB has received an order from the Chinese yard Tianjin Xingang Shipbuilding Heavy Industries, a member of the state owned shipbuilding group China Shipbuilding Industry Corporation (CSIC). The contract includes delivery of equipment for access of personnel and provision to a 37,000 GT hospital ship to be built for the charity organisation Mercy Ships.
Continued profit improvement for TTS Group
TTS Group achieved an operating profit (EBITDA) of MNOK 137.8 in Q2 2015, consisting of an operational profit of MNOK 34.2, and a one-off effect of MNOK 103.7 that relates to the acquisition of control of the jointly owned Chinese company TTS Hua Hai. – The stable good results within the services and car carrier segments, together with the reduced losses in offshore and heavy lift segments, are contributing to the positive result, says Björn Andersson, CEO of TTS Group ASA.
Syncrolift™ deal strengthens TTS's position in the shiplift market
TTS Handling Systems AS, Norway (TTS) has entered an agreement with Rolls-Royce Marine North America Inc. to acquire Syncrolift™ assets. The deal implies a broadening of TTS’ offerings to the market for shiplifts and transfer system solutions as well as opportunities for increased shiplift re-build & service revenue related to the significant number of installed Syncrolift shiplifts worldwide.
TTS begins installation of Stockholm's new passenger gangways
In a huge urban development program the Ports of Stockholm organization is extending its Port of Värtan through reclaimed land, making room for a new terminal.
Another delivery to TUI Cruises with TTS access equipment
On May 08, 2015 TUI Cruises took delivery of their second newbuilding from the Turku Shipyard and first delivery from the yard under Meyer ownership, equipped with TTS Marine AB’s solutions for passenger and provision access.
TTS Group signs breakthrough marine package equipment order in China (Press release)
TTS Group ASA has got a flying start for its newly established 50/50 Chinese joint venture company, TTS-SCM Marine and Offshore Machinery Co., Ltd. The company has today signed agreements with Shanghai Shipyard Co. Ltd, ensuring delivery of various TTS deck equipment for six ships. Total order value is NOK 270 million.
TTS to supply shell doors and platforms with all-electric drive systems for Star Cruises newbuilds
TTS is to supply electric drive systems and shell doors for two new cruise ships built at the German shipyard Meyer Werft. The ships, commissioned by the leading Asia-Pacific cruise line Star Cruises, will be the first large cruise vessels with all-electric shell doors.
TTS to provide further access equipment to TUI Cruises
After successful design and delivery of access solutions for cruise vessels Mein Schiff 3 and Mein Schiff 4, TTS Marine AB has won repeat orders to equip German TUI Cruises’ next two newbuildings with state-of-the-art solutions for cargo handling and crew and passenger access.