This is the first contract the newly established TTS-LMG Marine Cranes GmbH has landed in Korea and is considered by the company as a breakthrough in the Korean market.

This follows the first contract awarded from a Chinese customer worth 10 million Norwegian Kroner (€1.2m).

Since the acquisition of TTS-LMG Marine Cranes GmbH in November 2004, the company has secured contracts for cranes worth approximately 170 million Norwegian Kroner (€21m).

The contracts also included an after-sale service.