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.
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.
Strong Q4 performance gives positive full year result
The TTS Group’s Q4 EBITDA adjusted for one-time items was MNOK 36.1, an improvement of MNOK 146.1 compared to Q4 2013 and contributing to a full year operating profit of MNOK 4.2. “We are heading to ensure acceptable long-term profitability, and these figures reaffirm our faith in the ongoing restructuring and in our recent market initiatives,” says Björn Andersson, CEO of TTS Group ASA.
TTS supplies prestigious urban development program
As Stockholm is rebuilding the city’s largest port, Värtahamnen, TTS Group will supply passenger walkways as part of the ambitious project.
TTS equipped RoRo completes Airbus logistics chain
A third state-of-the-art vessel, purpose-built to support the Airbus logistics chain, and equipped by TTS, was delivered on 21 April 2009 by Singapore Technologies Marine Shipyard to Fret Cetam SA, the joint venture between Höegh Autoliners and Louis Dreyfus Armateurs.
New TTS order forms link in Airbus supply chain
Singapore Technologies Marine orders cargo access equipment for Airbus vessels