October 23 - Cargotec's MacGregor has won an order worth approximately EUR37 million for 45 electric winches from South Korea-based Hyundai Samho Heavy Industries Co Ltd.

The order will be booked towards the end of 2013, and the equipment is scheduled for delivery between the second and fourth quarter of 2014.

The winches will be installed on Hyundai Heavy Industries' new 10,000-tonne heavy lift vessel, which will be one of the world's largest heavy lift ships, designed to support shipbuilding activities and offshore lifting operations in international waters.

"This order is a breakthrough for MacGregor's offshore winch business in the Korean offshore market," says Francis Wong, sales and marketing director of MacGregor's offshore segment. "Ship blocks and offshore structures are getting bigger and heavier, and in order to handle these safely and efficiently the worldwide demand for heavy lift vessels has increased."