Cavotec has received landmark shore power connection orders from two major Asian customers, highlighting the company’s growing presence in the region and their critical role in enabling the maritime sector’s decarbonization. The orders placed in the first quarter exceeded EUR 2.2 million. The orders are for Cavotec’s PowerAMPReels that will be installed on container ships. One of the ships is a dual-fuel vessel, powered by conventional bunker fuel and methanol, demonstrating how shore power can be part of a blended approach to reducing global shipping’s environmental footprint. One of the orders was placed by a customer in South Korea, while the other was placed by a customer in Singapore. These projects will be followed by similar orders from customers in Asia throughout 2021, highlighting Cavotec’s expansion in the region. The vessel based in Singapore would most likely use the APL terminal in Singapore as it is equipped with shore power system according to PTR’s information. Cavotec has been diversifying its project portfolio geographically as well for a couple of years now as it has been a major player in the North American shore power market as well. Moving forward PTR sees more projects being secured by Cavotec especially in the APAC region as countries like Australia and South Korea have started to install shore power systems on their shores.
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