Cavotec has signed an order for shore power with a global shipping company, valued at about USD 5 million. The order includes a substantial number of PowerFit shore power units, enabling vessels to connect to shore power with ease while docked. Deliveries is scheduled later this year.
Cavotec has signed a service agreement with APM Terminals at the Port of Tanger Med. The agreement means that Cavotec will perform service for all its MoorMaster NxG units and Power Units operational at the port.
Cavotec has signed an agreement to divest its Airports business to US-based investment company Fernweh Group LLC.
Global engineering group Cavotec has launched its new tagline and strategic direction statement. Two defining elements of the Cavotec identity that reflect the Group’s key role as a trusted industrial partner for a global customer base, and its intent to maximise future growth potential.
Global engineering group Cavotec has been awarded significant orders for its innovative systems for marine propulsion, shore power supply, and crane electrification systems, with a combined value of EUR 10 million, highlighting the Group's pivotal position in the global Ports & Maritime segment.
Cavotec SA's previously announced strategic plan and new organisational structure — based on two distinct Business Units (BU), Ports & Maritime and Airports & Industry — entered into effect on January 1, 2017.
Marine systems innovator Cavotec has won important MoorMaster™ automated mooring orders from existing MoorMaster™ customer, the Port of Salalah in Oman, for use at two container berths – another sign of the increasing acceptance of this innovative mooring technology by the global shipping sector.
Cavotec will publish its 3Q16 report on Thursday, 3 November, 2016 at approximately 12:00 CET. A conference call for shareholders, analysts and media will be held at 13:00 CET. Participating on the conference call from Cavotec will be CEO Ottonel Popesco and Kristiina Leppänen, CFO and IR. The meeting will start with some background on the 3Q16 results and will be followed by a Q&A session.
During 1H16 and the first weeks of 3Q16, leading engineering group Cavotec has won more orders for its innovative shore power systems with a total value of approximately EUR 11.5 million, underlining the Group’s central position in this growing segment, and the ports sector as a whole.
Cavotec's MoorMaster™ automated mooring technology has registered two major breakthroughs — completion of At Sea Demonstrations of the US Navy's Advanced Mooring System; and a second order for a combined MoorMaster™ and battery charging system for a hybrid passenger ferry application — underscoring the acceptance of MoorMaster™ in the industry, and the technology's substantial market potential.
Cavotec and ABB have signed a Memorandum of Understanding to jointly offer complete shore-to-ship power solutions globally. Such solutions allow vessels to plug into onshore power supply and shut down their engines, eliminating noxious emissions, noise and vibrations while berthed in ports that are often located in city surrounds.
Cavotec SA ("the Company") today held its Ordinary General Meeting ("OGM") in Lugano, Switzerland, while shareholders could follow proceedings via a passive video-link from Stockholm, Sweden. Fabio Cannavale chaired the OGM. Here follows a report on the resolutions that were passed.
