KEY POINTS:
Dutch company Cavotec that merged with Mooring Systems of Canterbury last year, reported says it has signed an agreement with a division of US energy company Chevron.
The agreement provided a structure for Cavotec MoorMaster to work on a range of ship and shore based mooring initiatives which may expand to involve different Chevron divisions, Cavotec said today.
The initial work was encased by mutual non-disclosure obligations.
New Zealand-listed Cavotec also said it had received another order from the St Lawrence Seaways Management Corporation for a new MoorMaster 200 lock-based automatic mooring unit.
The supply of the new unit, and modifications to an existing unit were due for delivery in the first quarter of 2008.
The overall value of the works was about 500,000 euros ($944,465).
- NZPA
