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 is to open a new office in Malaysia to create a stronger presence in the Asian market. Opening the new office is a key part of Cavotec’s strategy to further leverage its strong position in the fast-growing markets for electrification and automation of ports in Asia and around the world.
The shipping industry is responsible for more than 2.5% of the world’s emissions. If the shipping sector were a country, it would be the sixth largest polluter in the world. But we can change this. We have the technology today that can be retrofitted to existing ships to reduce harmful emissions. We also have the technology to upgrade our ports to reduce pollution.