Cavotec has been awarded an order for its next generation vacuum mooring technology, MoorMaster™ NxG, from leading Norwegian ferry operator Fjord 1. The systems will be used with a new-build, zero-emission vessel to reduce energy consumption in port. The customer has also signed a long-term service agreement for the operator’s existing MoorMaster vacuum mooring systems and e-vessel charging units.
Cavotec has won a series of orders in the second quarter with a total value of EUR 5M to equip the world’s largest new-build container ships with ShorePower systems. This is in addition to EUR 3M in orders secured in the first quarter. These systems enable dramatic pollution reductions and are the latest example of how we are enabling the decarbonization of the global ports and shipping sector.
We are delighted to announce that Cavotec China has won the Excellent Supplier Award from infrastructure equipment manufacturer Epiroc, one of our key customers. The award is a tribute to the commitment of our colleagues in Shanghai and throughout Cavotec Group to creating a strong partnership with Epiroc China and helping Epiroc to improve its position on the highly competitive Chinese market.
A decade after installing MoorMaster™ automated vacuum mooring at an iron ore berth in Western Australia, Pilbara Ports Authority has now selected Cavotec to secure availability and extend lifetime of its mooring system.
In a major breakthrough for automated mooring, our MoorMaster technology has been selected for installation at a roll-on/roll-off berth in a key market in the Far East. This is the first installation of this unique mooring system in Asia and highlights widespread interest in the technology and its growing use around the world.
Cavotec has been awarded a contract by Nidec ASI as part of their EUR 12 million deal to provide ShorePower to five cruise liner berths at Malta’s Valletta Grand Harbour. The project is part of a major EU funded initiative by Infrastructure Malta to electrify the entire harbour and reduce harmful portside ship emissions by 90%.
The fast-growing market for electrification and automation of ports worldwide is estimated to be worth several billion euros in the coming years. Cavotec will invest EUR 20M in technology, engineering and business development over the next five years to strengthen its leading position and meet the expected demand. The global Cavotec team will grow by 60%, with two thirds being engineers.
The shipping industry is responsible for more than 2.5% of the world’s emissions. If the shipping sector were a country, it would be the sixth largest polluter in the world. But we can change this. We have the technology today that can be retrofitted to existing ships to reduce harmful emissions. We also have the technology to upgrade our ports to reduce pollution.
Cavotec will focus resources and make investments to further develop its leading position within electrification and automation for improved sustainability in its fast-growing ports & maritime and specialized industrial applications markets and, as a consequence, will divest its Airports business.
In recent weeks, ports around the world have been hit by delays and backlogs caused by factors including a surge in demand, a lack of empty containers, and the coronavirus – the latter manifesting as mass quarantining, social distancing, illness, and lockdowns. In the UK, these issues were compounded by fears of a no-deal Brexit.
In mid-2021, transport and logistics provider, SeaRoad, will be the first to put the next generation Cavotec vacuum mooring technology, MoorMaster NxG, into commercial operation. The new NxG units will be integrated with SeaRoad’s original MoorMaster systems installed in 2003.
How is Cavotec making profitable sustainability a reality for customers worldwide, ensuring a future world that is safer, more efficient, and more sustainable today? At a recent investors’ meeting event that we hosted in Stockholm and online, we set out how we’re a key enabler of profitable sustainability. We spoke to Memed Uzel, Cavotec’s Chief Commercial Officer, to find out more.
Cavotec is a leading cleantech company that designs and delivers connection and electrification solutions that enable the decarbonisation of ports and industrial applications. Backed by more than 40 years of experience, we provide systems that ensure safe, efficient and sustainable operations for a wide variety of customers and applications worldwide.
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