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 
already secured in the first quarter. The powerful cleantech 
technologies enables dramatic pollution reductions and are the latest 
example of how Cavotec is enabling the modernization and decarbonization 
of the global ports and shipping sector. 
 
   "We're proud to support the world's major container shipping lines in 
their journey towards sustainable operations. As the leading supplier of 
shore power systems, Cavotec is trusted to provide worldwide connection 
compatibility for vessels using shoreside power supply," says Mikael 
Norin, Cavotec CEO. 
 
   The majority of orders are for new-build container vessels for 
international shipping line MSC and for Samsung Heavy Industries (SHI), 
one of the world's largest ship builders. With these orders, MSC and SHI 
are demonstrating their trust in Cavotec's innovative ShorePower systems, 
Cavotec's global footprint, and our capacity to provide comprehensive 
local support throughout design, installation, and commissioning. 
 
   Cavotec will supply PowerAMPReels for MSC, SHI, and a number of other 
customers. The majority of the systems will be fitted to new-build 
container ships with a capacity of 24,000 TEU. The PowerAMPReels systems 
also include weather-proof enclosures. On each vessel, one ShorePower 
system will be installed on the port side and one on the starboard side 
to enable fast and safe connection to shoreside electricity in every 
port where available. 
 
   ENDS 
 
   For further details please contact: 
 
   Johan Hähnel 
 
   Investor Relations Manager 
 
   Telephone: +46 70 605 63 34. Email: 
https://www.globenewswire.com/Tracker?data=SX5IN6FjnqH4fQprJFnCRq5zayKGlOhQtl8mDxwsEEais0mcVFAuMpiIAtHATtH1jHPlADWNgtlOgW_-uRO_ZnGtyJUzyp5fUOntrN-yDOs= 
investor@cavotec.com 
 
   The information was submitted for publication, through the agency of the 
contact person set out above, at 08:00 CEST on 9 June 2021. 
 
   About Cavotec 
 
   Cavotec is a leading cleantech company that designs and delivers 
connection and electrification solutions to enable the decarbonization 
of ports and industrial applications worldwide. Backed by more than 40 
years of experience, our systems ensure safe, efficient, and sustainable 
operations for a wide variety of customers and applications worldwide. 
Learn more at 
https://www.globenewswire.com/Tracker?data=xCFasdSaKk_6-VoALhBphnVuBS6AaikO5KHSQebFczsKbZxiFgzTw256nK4Hyky20LxVFbjEq9pOztR9BeebUg== 
cavotec.com. 
 
   Attachment 
 
 
   -- Press Release 9 June 2021 
      https://ml-eu.globenewswire.com/Resource/Download/07052bd6-1670-454e-9392-1d8eed5db954

(END) Dow Jones Newswires

June 09, 2021 02:00 ET (06:00 GMT)