MacGregor signs contracts to deliver Pusnes loading systems to Cosco Shipyard Group in China

17 February, 2016 – By combining well-proven MacGregor Pusnes technology in bow loading and offloading systems, MacGregor, part of Cargotec, has helped to develop a solution that enables crude oil to be loaded directly from a floating production storage offloading (FPSO) facility or a floating storage offloading (FSO) unit to a conventional tanker, up to very large crude carrier (VLCC) size. The first contracts for the systems have been signed with China’s Cosco Shipyard Group.

“MacGregor, and its Pusnes brand, has a long history of developing pioneering offshore loading systems within the industry,” says Høye Høyesen, Vice President, MacGregor Advanced Offshore Solutions. “Based on this legacy, MacGregor was invited by Cefront Technology, who developed the concept, to participate in the design and development of the loading systems.”

The Cosco Shipyard Group orders will see MacGregor design, manufacture, deliver and commission complete Pusnes loading systems for two cargo transfer (CTV) vessels. The vessels will be built at Cosco Nantong Shipyard and at Cosco Guangdong Shipyard. MacGregor deliveries are planned to start at the end of 2016.

Each vessel will feature MacGregor’s well-known Pusnes bow loading and offloading system, which principally comprises: two Pusnes bow loading systems, one Pusnes offloading system, including the world’s largest crude oil hose reel with offloading hose; and two sets of Pusnes-patented releasable 700-tonne hawser winches, in addition to auxiliary winches and an integrated electro/hydraulic control system.

“MacGregor is proud of its long and close relationship with Cosco shipyards in China,” he adds. “The Cosco Shipyard Group is an important partner for the future and has proved to be a strong player in the merchant and offshore industries.”

MacGregor has previously delivered four sets of Pusnes bow loading systems to Cosco Nantong Shipyard and two sets to Cosco Zhoushan Shipyard, of which, one project is still ongoing. In addition to these MacGregor has delivered a range of deck machinery and steering gear to different Cosco shipyards.

Further information for the press:

Høye Høyesen, Vice President, Advanced Offshore Solutions, MacGregor
Tel +47 907 61 098, email:

Heli Malkavaara, Senior Communications Manager, MacGregor,
Tel. +358 20 777 4500, email: heli.malkavaara@macgregor.comThis email address is being protected from spambots. You need JavaScript enabled to view it.” target=”_blank” style=”font-family: Helvetica; font-size: 13px; line-height: 19.5px; color: #0b1f2a; text-decoration: underline;”>

Further information for investors

Paula Liimatta, Director, Investor Relations, Cargotec, tel. +358 20 777 4084

MacGregor shapes the offshore and marine industries by offering world-leading engineering solutions and services with a strong portfolio of MacGregor, Hatlapa, Porsgrunn, Pusnes and Triplex brands. Shipbuilders, owners and operators are able to optimise the lifetime profitability, safety, reliability and environmental sustainability of their operations by working in close cooperation with MacGregor.

MacGregor solutions and services for handling marine cargoes, vessel operations, offshore loads, crude/LNG transfer and offshore mooring are all designed to perform with the sea.

MacGregor is part of Cargotec. Cargotec’s (Nasdaq Helsinki: CGCBV) sales in 2015 totalled approximately EUR 3.7 billion and it employs almost 11,000 people.