Cargotec Corp-B : Grimaldi renews and extends its maintenance contract at corporate group level with Cargotec

CARGOTEC CORPORATION, PRESS RELEASE, 25 JANUARY 2010 AT 3:00 PM EET


Grimaldi renews and extends its maintenance contract at corporate group level
with Cargotec


Cargotec has secured two new MacGregor Onboard Care all inclusive contracts. One
is a continuation of a three-year agreement with the Naples-based RoRo
shipowner, Grimaldi Group. This contract was signed at the end of 2009 for a
total of 27 vessels and includes an option for a further two-year extension. The
other contract, signed in January 2010, will cover any service issues onboard
nine vessels that are owned by Grimaldi Group subsidiary, Atlantic Container
Lines (ACL), and are managed by ACL Ship Management (ASM).

Grimaldi Group corporate purchase director Giancarlo Coletta says that: "The
renewal and extension of the maintenance agreement with Cargotec is proof of the
confidence that the Grimaldi Group has gained in applying a preventive
maintenance programme to vessels in its fleet.

"This is a prelude to the wider extension of these concepts to all vessels and
controlled companies of the Group. It also demonstrates how a partnership
approach is paying back in terms of a customer-supplier relationship," Dr
Coletta highlights.

"The continuation of the contract shows the fruitful co-operation and
partnership with our VIP customer," says Roberto De Gioia, Cargotec's marine
service regional manager for the Mediterranean. It covers all the RoRo access
equipment for a total of 27 vessels and is valid for three years, with an option
for a further two.

"Our commitment is to provide operative availability of equipment and ensure
sustainable ship operations and earning capabilities," Mr De Gioia explains.
"And the new highest level of cover agreement demonstrates the best value for
the Grimaldi Group."

He adds that: "The experience achieved from the past three years, and the real
partnership acquired from working with our customer, was invaluable during the
process of considering the new concept and the large number of ships involved.
It is vital to listen to customers' needs and communication is a key factor to
success. Also, being close to our customers makes it possible for us to respond
quickly and offer our expertise and technical know-how."

ACL Ship Management is totally owned by Swedish company Rederi AB Transatlantic,
which takes care of ship management and crewing for Grimaldi Group subsidiary,
ACL. The three-year contract (with an option for a further two) will cover nine
Grimaldi Group-owned vessels. Five 58,000 dwt G3 series vessels trade between
Sweden, Europe and the US/Canadian East Coast. The remaining four Grande series
ships trade between North Europe and West Africa.

The scope of contract includes full responsibility for the vessel's MacGregor
stern ramps and stern doors. The G3 series' Jumbo-class stern ramp has a design
load of 420 tonnes and the quarter-type Grande series' ramp is designed for a
150-tonne load.

Cargotec's MacGregor Onboard Care service concept offers customers sustainable
ship operations and revenue earning capabilities by ensuring the operative
availability of equipment through planned maintenance products. Today, over 430
vessels are protected by a MacGregor Onboard Care agreement that takes care of
hatch covers, cranes, RoRo equipment, offshore devices, bulk selfunloaders and
linkspans.


Further information for the press:
Roberto De Gioia, Regional Manager, Mediterranean, tel. [phone]
E-mail: [e-mail] 

Minna Karhu, Vice President, Corporate Communications, tel. [phone]

Further information for investors:
Paula Liimatta, Investor Relations Manager, tel. [phone]


Cargotec improves the efficiency of cargo flows by offering solutions for
loading and unloading goods on land and at sea - wherever cargo is on the move.
Cargotec's main daughter brands for cargo handling - Hiab, Kalmar and MacGregor
- are global market leaders in their fields. Cargotec's global network offers
extensive services that ensure the continuous, reliable and sustainable
performance of equipment. Cargotec's sales totalled EURO 3.4 billion in 2008 and
it employs approximately 10,500 people. Cargotec's class B shares are quoted on
the NASDAQ OMX Helsinki. www.cargotec.com <http://www.cargotec.com/>


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