Nordic Business Report-January 5, 2007-TTS Marine ASA wins new contracts in Vietnam (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian ship and shipyard equipment provider TTS Marine ASA said on Friday (5 January) that its German subsidiaries, TTS-LMG Marine Cranes GmbH and TTS-Ships Equipment GmbH, have secured new orders worth approximately NOK70m in Vietnam. The orders, awarded by Vietnamese state-owned shipbuilder Vinashin, cover the delivery of cranes and hatch covers for five vessels. TTS Marine has recently established a representative office in Haiphong in Vietnam. TTS Marine, headquartered in Bergen in Norway, is a global developer and supplier of ship and shipyard equipment. It has 600 employees worldwide and has annual sales of some NOK1bn. TTS Marine is listed on the Oslo Stock Exchange and traded under the ticker TTS. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to [email protected]))