CCC Cavotec Group Holdings NV

Cavotec wins repeat cleantech orders worth EUR 3 million to equip container ships with shore power connections

Cavotec wins repeat cleantech orders worth EUR 3 million to equip container ships with shore power connections

Cavotec has been awarded three orders for its innovative shore power connection systems by global marine equipment manufacturer Samsung Heavy Industries, again highlighting Cavotec’s leading position as a trusted supplier of cleantech systems that are playing a key role in the modernisation and decarbonisation of the world’s ports. The total financial value of these orders is EUR 3.1M. 

“These wins illustrate Cavotec’s vital role in enabling the modernising and decarbonisation of the global ports and maritime sector. Working closely with customers, we are helping to ensure that the sector is taking the necessary steps towards a cleaner future,” says Cavotec CEO, Mikael Norin.

The three orders, booked in the third quarter, are for Cavotec’s PowerAMPReel ShorePower connection systems that will be integrated into new-build container ships for owners Evergreen, Seaspan and Capital. 

PowerAMPReels enable vessels to be connected to shoreside electrical supply when in port and for their conventionally-powered engines to be shut off. This dramatically reduces emissions of harmful nitrogen and sulphur oxides and particulate matter, thereby improving air quality and health outcomes in port areas and surrounding communities. 

Cavotec pioneered shore power back in the 1980s and is now the leading supplier of shore power and charging systems for ships and other mobile equipment. In addition to ship-based systems, Cavotec manufactures a wide range of land-based connection and charging systems. Earlier this year, Cavotec won shore power connection orders worth a total of EUR 8M, including several orders from Samsung Heavy Industries. 

ENDS 

For further details please contact:

Johan Hähnel 

Investor Relations Manager 

Telephone: 4. Email: 

This information was submitted for publication, through the agency of the contact person set out above, at 08:00 CEST on 7 October 2021.

About Cavotec

Cavotec is a leading cleantech company that designs and delivers connection and electrification solutions to enable the decarbonization of ports and industrial applications. Backed by more than 40 years of experience, our systems ensure safe, efficient and sustainable operations for a wide variety of customers and applications worldwide. Learn more at .

Attachment



EN
07/10/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Cavotec Group Holdings NV

ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Henric Hintze
  • Karl Bokvist
  • Lara Mohtadi
ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Henric Hintze
  • Karl Bokvist
  • Lara Mohtadi
ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Henric Hintze
  • Karl Bokvist
  • Lara Mohtadi

Cavotec SA: 1 director

A director at Cavotec SA bought 5,055,339 shares at 18.000SEK and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...

ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Henric Hintze
  • Karl Bokvist
  • Lara Mohtadi

ResearchPool Subscriptions

Get the most out of your insights

Get in touch