Cargo Handling's New Force
A bold investment policy by TTS Technology of Bergen has hoisted the Norwegian group into the world's top three equipment suppliers in its specialized market segments. In many minds, the TTS name is synonymous with shipyard production systems and design, which remains an important part of its activities. But diversification and acquisitions since 1997, reaching a new highpoint with the purchase of Hamworthy KSE's dry cargo division and takeover of cranemaker Hydralift Marine at the tail end of last year, has seen the emergence of a powerful new force in the market for shipboard equipment, including total vessel packages. Annual turnover has doubled to approximately $96.3 million as a result of the absorption of Hamworthy KSE and Hydralift Marine, and the group is set fair for income growth.
Headquartered in Gothenburg, the home of the erstwhile Kvaerner Ships' Equipment, the new TTS Dry Cargo Handling Division embraces the former Swedish and German cargo access specialist companies and Chinese joint venture of Hamworthy KSE, along with TTS' existing interests in the field, hitherto vested in TTS-Mongstad. The various cargo access firms have now been retitled TTS Ships Equipment, while the assimilated Shanghai operation has become TTS Hua Hai Ships Equipment.
The Marine Cranes Division has been formed from the existing TTS-Norlift augmented by Hydralift Marine, while the long-established business in shipyard production and heavy load handling equipment as well as recently developed activities in container terminal systems have been vested in TTS Handling Systems
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Content
- Bollinger To Acquire Halter Marine page: 6
- Bidding War Comes to an End page: 6
- Jotun And NOF Marine Coatings Join Forces page: 8
- Thunder Horse Will Get Wartsila Generators page: 10
- United Defense to Acquire United States Marine Repair page: 10
- New Order For MAN B&W Diesel ME-Engines page: 12
- Fares Al Salam Parts The Red Sea page: 14
- Redundancy The Next Watchword? page: 20
- Cargo Handling's New Force page: 22
- A Naval Architect's Look At Design Trends page: 24
- Conoco Leads The Way For GOM Shuttle Tankers page: 27
- Daewoo Shipbuilding To Build, Refit LNGs For Exmar page: 27
- Navy League Comes to NY for Centennial Celebration page: 28
- Prospects Abound, But Where's the Money? page: 32
- OPA '90 - The Oil Pollution Act of 1990 page: 33
- Container & RoRo Tonnage — Non-Contiguous Liner Trades page: 35
- Matson Signs $220M Contract With Kvaerner Philadelphia page: 38
- GL: Exporting German Precision page: 40
- World Shipbuilding to Fall Slightly page: 44
- Tanker Market is Solid page: 45
- Bergesen Releases 1Q Results page: 46
- OMI Announces 1Q Results page: 47
- MAN B&W Turbocharger Technology Unveiled page: 49
- Answering the Call from Above page: 50
- Thrane & Thrane Offers Capsat Fleet77 page: 53
- Crisis Management and the Integration of Vessel Tracking Technologies page: 60
- Rear Admiral Pluta Redefines Maritime Security page: 64
- Ship Graveyard page: 68
- Intertanko's Sustainable Challenge page: 72
- German Barging: Over the Divide page: 76
- Blohm+Voss: 125 Years Young page: 80
- Thordon Makes Inroads With COMPAC Shaft Bearing page: 90
- Halifax Lays Keel For First of Two OSV's page: 91
- Owners Approve White Rose Oilfield page: 91
- Voyage Data Recorders page: 92
- Titan Re-Floats IMaersk La Guaira page: 96
- Austal USA Enters Repair Market page: 96
- Maritime Industry Remembers Nealis page: 97