Cavotec has renewed its service agreement with the Port of Salalah in Oman for another two years. The first agreement was signed in 2016.
Under the agreement, Cavotec will continue to be responsible for the 24/7 on-site repair and maintenance for 32 MoorMaster vacuum mooring units. Cavotec has supplied the MoorMaster systems which are critical to ensuring operational efficiency, particularly i
“Order intake was strong in the first quarter in both our divisions, but revenue and profitability decreased due to the weak market in 2025. During the quarter, we initiated cost-saving measures to reduce costs of approximately EUR 3 million with full effect in early 2027. With these measures, we are shaping a stronger Cavotec and are better equipped to create value as volumes increase.” David Pag
Cavotec has launched PowerMove RoRo NxG, a next-generation mobile cable management system designed to simplify shore power connections for RoRo and RoPax vessels and support ports in their transition to cleaner operations.
Cavotec’s PowerMove shore power technology is already helping some of the world’s busiest ports reduce emissions and connect vessels to clean onshore electricity. The solutio
Cavotec has signed a significant order with a leading engineering company in India for the supply of motorised cable and hose reels. The reels are part of the customer’s first project for ship unloaders.
The order includes a total of fourteen motorised cable and hose reels for installation in ship unloaders at bulk material handling facilities in India. The systems will be used for unloading bu
Cavotec has signed an order valued at approximately EUR 13 million for the supply of MoorMaster automated vacuum mooring systems for a special application in North America. Deliveries are scheduled between October 2027 and March 2028.
The MoorMaster systems will help ensure safe, reliable, and efficient vessel operations. Cavotec has over 20 years of experience in automated vacuum mooring and M
Cavotec announces that Chief Financial Officer Joakim Wahlquist has decided to leave the company for another assignment. The recruitment process for a successor has been initiated. Joakim Wahlquist will remain in his role until a replacement is appointed or the latest until September 2026, to ensure an effective handover.
“Cavotec has an attractive offer in an exciting industry,” says Joakim Wa
Cavotec has received an order valued at approximately EUR 3 million for shore power systems to be deployed across several ports in southern Italy.
The order covers the supply of a range of Cavotec shore power technologies, including PowerFeed, PowerReach, and PowerMove systems. The solutions will enable vessels such as cruise, container and RoRo ships to connect to shore-side electricity while
“During the fourth quarter, sales growth was healthy, cash flow increased strongly and we strengthened our financial position. However, we see that customers remain cautious and for the full year 2025 we report a negative result. In light of this, we have decided to initiate cost-saving measures in 2026 to build a stronger Cavotec. The activities and related costs will be presented in the first qu
The Nomination Committee in Cavotec Group AB proposes Niklas Edling as new Chairman of the Board at the Annual General Meeting on 2 June 2026. Current Chairman Patrik Tigerschiöld has informed the Nomination Committee that he declines re-election.
Niklas Edling has been a member of Cavotec’s Board since 2019 and member of the Audit Committee. He is also CEO of Nodica Group AB and member of the
Cavotec has signed another contract with Australian construction and engineering company Civmec for the supply of a motorised cable and hose reel package to Port Hedland, Western Australia, one of the world’s largest iron ore export facilities. The system will ensure reliable cable and hose reeling to support power transmission and dust suppression operations at the port, strengthening the site’s
Cavotec has appointed Erik Lyrvall, Head of Strategy and M&A, as a member of Cavotec’s Group Management. Erik joined Cavotec in autumn 2024 when he took up the position of Head of Strategy.
In his role, Erik is responsible for driving the group’s strategic direction, leading M&A activities, evaluating partnerships and go-to-market strategies, and recommend initiatives to enhance operat
Cavotec has signed an order valued at approximately EUR 2 million for its MoorMaster NxG automated vacuum mooring technology from Danish ferry operator Molslinjen A/S. The systems will be delivered to the ports of Odden and Aarhus, supporting the operation of high-capacity battery-powered catamarans on one of Denmark’s busiest ferry routes.
MoorMaster NxG will fully automate vessel mooring and
