TTS Group signs historical contract for Syncrolift® and transfer system
Norwegian headquartered TTS Group has today signed a new contract for a 9.000 tonne Syncrolift® (ship lift) and a transfer system with Karachi Shipyard and Engineering Works Limited (KSEW) in Pakistan. The total order value is approx. 250 MNOK.
The equipment deliveries for KSEW will take place in first half of 2019. Design and development will be carried out in Norway, while manufacturing is done in Europe and China.
Eidesvik appreciates that TTS Syncrolift, a subsidiary of TTS Group, once again proves to be a leading ship lift supplier. Over the years, the subsidiary has gained a 70% market share along with stable and positive earnings.
Tomassen explains that TTS Syncrolift's strategy is to follow the customer’s strategy, i.e. to minimize docking time, or rather maximize sailing time for ships. Already Syncrolift® and transfer system does this to a certain extent, but the new business area FastDocking™ products will further complement this strategy to support customers in reducing their delivery time.
Syncrolift® is the TTS brand name for a ship lift. The Syncrolift® is essentially a large elevator for lifting ships from sea level to land level. The ship is then moved off the elevator and into a dedicated workstation, by using advanced hydraulic transfer trollies.
A Syncrolift®, as opposed to traditional dry docking using graving or floating drydocks, can easily handle 10 ships for repair on dry land. A drydock typically handles one ship at a time. Weight is in not really a limitation for our Syncrolift® technology. In a recent project, TTS handled weights up to 25.000 tonne.
TTS Group is an international corporation, with subsidiaries in 14 countries, providing handling solutions and access systems for the marine and offshore industries.
TTS has built a strong market position, based on a diversified product portfolio, in its core shipping markets. The Group is one of the top three largest suppliers worldwide in its specialized market segments.
With a worldwide workforce of around 1000, TTS has more than 50 years of experience in the maritime industry. TTS Group, with headquarters in Bergen, Norway is listed on Oslo Stock Exchange.
