Cavotec has signed a service partner agreement with COSCO Group, one of the world’s largest shipping companies. Based on the new long-term agreement, Cavotec will provide preventive maintenance for more than 60 ocean-going vessels equipped with Cavotec shore power systems.
Cavotec has won a 6.65 million euro order from one of the world’s largest shipping lines for shore power connection equipment for new-build container ships. Deliveries will be made between late 2023 and early 2025. The contract further strengthens Cavotec’s leading position in the decarbonisation of the maritime industry.
Heralding a major breakthrough in industrial e-vehicle and e-vessel charging, global engineering group Cavotec has launched its ultra-fast Megawatt Charging System (MCS). Providing up to 3MW of power from a single connector, the MCS is a turnkey DC charging solution with grid-to-inlet functionality that supports the decarbonisation of industrial vehicles and ships.
Cavotec has won a shore power order valued at EUR 15.7 million from a major global shipping line. Deliveries are scheduled to start in the fourth quarter of 2022 and continue throughout 2023 and 2024.
David Pagels, 54, has been appointed CEO of Cavotec SA. Pagels will assume the position as CEO of Cavotec during May 2022.
In a major development signalling Cavotec’s entry into industrial battery charging for heavy duty vehicles, Cavotec is to supply a proof-of-concept battery charging system for use with heavy-duty mining trucks. The value of this first order is over EUR 3M with a potential for follow up orders, opening up a market that is estimated to be worth several hundred million euros in the coming years.
Cavotec has won landmark shore power connection orders from two major customers in Asia, highlighting Cavotec’s growing presence in the region and our key role in enabling the decarbonisation of the maritime sector. The total value of the orders is more than EUR 2.2M. The orders were booked in the first quarter and deliveries are expected to start in the third quarter of this year.
Cavotec has once again been awarded shore power equipment orders from a major global shipping line. The equipment, which will enable safe and fast connection to shoreside electricity, will be retrofitted to some of the largest container ships in the world.
Cavotec wins shore power orders valued at EUR 4.5M for new-build container ships
Cavotec has signed an agreement to divest its Airports business to US-based investment company Fernweh Group LLC.
Mikael Norin has decided to leave his position as Group CEO of Cavotec. Norin is expected to leave the company later in the year when a successor is in place.
Cavotec has won two key orders for its motorised cable reel electrification systems for container cranes at major ports in China and the US from leading crane manufacturer ZPMC. The orders highlight how Cavotec manufactures mission-critical systems that improve safety, maximize efficiency, and minimize environmental impact. The total value of the two orders amounts to more than EUR 1.3M.
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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