Saab Marine Reports Orders Received In Excess Of $35 Million

Saab Marine Electronics, one of the leading manufacturers of level gaging and cargo-handling equipment for tankers, recently reported that 1990 was their best year ever, with orders received in excess of $35 million. The company got orders for equipment for 103 tankers. In addition, a large amount of orders for level gaging equipment for refineries and process industries was received.

Korea was Saab Marine's largest market in 1990, followed by Denmark, Italy, Singapore and Japan.

Many of the orders were for Scandinavian shipowners. The largest single order during the year was equipment for 15 tankers for the Danish shipowner Terkol.

Eighty percent of Saab Marine's manufacturing capacity has now been booked for 1991.

Saab Marine Electronics is a market leader for level gaging equipment onboard tankers. The system, Saab TankRadar, utilizes a measurement method based on radar technology by which an accuracy of ±2 mm up to a depth of 60 meters can be achieved. Saab Marine is a member of the Saab-Scania Combitech Group, a company group dedicated to the development of high-tech products for new applications.

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Maritime Reporter Magazine, page 14,  Apr 1991

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.