Cavotec has published its Annual and Sustainability Report 2024, highlighting the company’s financial performance, strategic progress, and sustainability initiatives over the past year.
David Pagels, Cavotec CEO, commented on the company’s progress:
"In 2024, we established a stronger Cavotec with higher profitability and a strengthened financial position. Thanks to the success of our change
Exciting things are on the horizon! Cavotec is set to reveal new products at Bauma Europe 2025, the world’s leading construction machinery trade fair, kicking off on 7 April in Munich, Germany.
While we can’t reveal too much just yet, we invite you to catch a glimpse of what’s coming by watching our teaser video. Stay tuned – you won't want to miss it!
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“We ended 2024 with strong order intake, higher order backlog and improved operating profitability. In 2024, we have established a stronger Cavotec with higher profitability and strengthened financial position. Thanks to the success of our change programs, we have also been able to invest in product development which have further strengthened our competitiveness. With the continued good demand for
Cavotec has signed a multi-million euro order for its MoorMaster™ NxG automated mooring system to be installed at Port of Dublin in Ireland.
Cavotec has appointed Jonathan Eriksson as Senior Vice President and Head of Industry Division and Nicklas Vedin as Senior Vice President and Head of Ports & Maritime Division. Patrick Mares, in Group Management since 2019, has been appointed Senior Vice President, Product Management and Chief Technology Officer.
Cavotec has signed a shore power order worth EUR 4 million with a leading global shipping company at the end of 2024. The order is yet another clear sign of the strong need to reduce emissions in marine environments.
Cavotec has signed three significant shore power orders totaling EUR 7 million for Italian ports, received at the end of 2024. These orders highlight the growing adoption of sustainable port technologies in Italy, as ports transition to more environmentally friendly operations.
“The improved profitability demonstrates that we are on the right track to build a stronger Cavotec. The markets we target are to an increasing extent driven by new regulations in the environmental field and the urgent need to reduce emissions. This, combined with our ability to further enhance our offer, gives us good momentum to continue growing with both new and existing customers.” David Pagel
Cavotec has signed two major orders, totaling EUR 6.5 million, to provide its cutting-edge PowerMove shore power systems to two Mediterranean ports. These systems will support cruise ships and RoRo vessels by enabling them to connect to shore power, significantly reducing emissions and contributing to more sustainable port operations.
Cavotec is pleased to announce the successful commissioning of a MoorMaster automated vacuum mooring system at APM Terminals MedPort Tangier, Morocco. The system shortens the turnaround time of vessels at the terminal, increasing terminal productivity and lowering vessel fuel consumption.
APM Terminals Medport Tangier, part of the Tanger Med Port which ranked fourth in the world’s most efficien
Cavotec is excited to announce the inauguration of our MoorMaster automated vacuum mooring system today at DP World San Antonio, the largest multipurpose port in Chile. This significant milestone marks the first implementation of an automated mooring system in South America, setting a new standard for port technology in the region.
Cavotec has signed an order for shore power with a global shipping company, valued at about USD 5 million. The order includes a substantial number of PowerFit shore power units, enabling vessels to connect to shore power with ease while docked. Deliveries is scheduled later this year.
Cavotec has signed a service agreement with APM Terminals at the Port of Tanger Med. The agreement means that Cavotec will perform service for all its MoorMaster NxG units and Power Units operational at the port.
Cavotec has signed a contract to retrofit vessels with shore power solutions for a major European shipping line. The order value is USD 5.7 million, and deliveries are scheduled throughout 2024.
Cavotec has signed a service partner agreement with COSCO Group, one of the world’s largest shipping companies. Based on the new long-term agreement, Cavotec will provide preventive maintenance for more than 60 ocean-going vessels equipped with Cavotec shore power systems.
Cavotec has won a 6.65 million euro order from one of the world’s largest shipping lines for shore power connection equipment for new-build container ships. Deliveries will be made between late 2023 and early 2025. The contract further strengthens Cavotec’s leading position in the decarbonisation of the maritime industry.
Sweden’s first MoorMaster NxG vacuum mooring system officially entered service last week, paving the way for significant safety, operational and sustainability gains. The system, at Port of Kapellskär, part of Ports of Stockholm, is now being used with Finnlines’ new-build Ro/Pax passenger and freight vessel, Finnsirius.
The Swedish port of Gävle recently became one of the first in the world to successfully connect a tanker vessel to a shoreside electricity system provided by Cavotec.
Heralding a major breakthrough in industrial e-vehicle and e-vessel charging, global engineering group Cavotec has launched its ultra-fast Megawatt Charging System (MCS). Providing up to 3MW of power from a single connector, the MCS is a turnkey DC charging solution with grid-to-inlet functionality that supports the decarbonisation of industrial vehicles and ships.
We’re launching a brand-new charging solution at Bauma 2022 that is set to transform operational safety and efficiency at industrial applications all over the world. We’ll also be exhibiting our existing range of powerful charging and electrification technologies at the event that kicks off in Munich on 24th October. #bauma #evinfrastructure #emobility #constructionindustry #mining #tunneling
