“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 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.
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 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 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 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.
Cavotec has won a shore power order valued at EUR 15.7 million from a major global shipping line. Deliveries are scheduled to start in the fourth quarter of 2022 and continue throughout 2023 and 2024.
Cavotec has won landmark shore power connection orders from two major customers in Asia, highlighting Cavotec’s growing presence in the region and our key role in enabling the decarbonisation of the maritime sector. The total value of the orders is more than EUR 2.2M. The orders were booked in the first quarter and deliveries are expected to start in the third quarter of this year.
Cavotec CEO Mikael Norin has recorded a video message in which he speaks about our performance in 2021 and the success of our focus on cleantech solutions for ports and industrial applications, and how Cavotec is now at an inflection point, where previously niche markets are becoming mass markets.
Cavotec has won substantial orders for its shore power connection systems from two of the world’s largest container shipping lines, underlining its role as a leading supplier of cleantech systems and a key enabler of the decarbonisation of ports.
Cavotec, the world’s leading manufacturer of connection and electrification solutions for ports, airports, and a wide variety of industrial applications, will open a new innovation centre in the Netherlands at the beginning of 2021.
One of the world’s most conservative sectors is now witnessing a fundamental shift as efforts are made to transform its environmental footprint under intense pressure from its stakeholders. Across the maritime industry – typically slow to change – steps are being taken to reduce emissions and operate more sustainably, with the ultimate goal of achieving zero emissions.
As ports, shipping lines, and authorities in China strive to reduce emissions from shipping, our innovative shore power technologies are playing a key role in delivering substantive change.
Our innovative charging technologies have connected Asia’s first e-ferry to electrical power, eliminating emissions and dramatically reducing operating costs, and highlighting Cavotec’s leading position in this increasingly important segment.
Cavotec shore power systems are helping ports in Canada make substantial reductions in cruise and container ship emissions, with the Montreal Port Authority (MPA) recently reporting that its shore power initiatives are expected to reduce greenhouse gas emissions by some 2,800 tonnes a year.
Cavotec, together with group of industrial partners, has made history with the world's first successful testing of a combined wireless induction charging and automated mooring system with a hybrid passenger ferry.
We’re at the Offshore Technology Conference (OTC) in Houston this week, the world’s largest oil and gas industry event, showing how our innovative technologies are making offshore applications safer, cleaner and more cost-efficient.