ODIM ASA wins NOK100m systems order from Havila Shipping ASA
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TMCNet: ODIM ASA wins NOK100m systems order from Havila Shipping ASA

[July 09, 2008]

ODIM ASA wins NOK100m systems order from Havila Shipping ASA

(Nordic Business Report Via Acquire Media NewsEdge)
Norwegian technology company ODIM ASA (OSE: ODIM) announced on
Wednesday (9 July) that it has secured a NOK100m systems order from the
offshore shipping company Havila Shipping ASA (OSE: HAVI).

The order covers delivery of a 250-ton fibre rope ODIM CTCU (Cable
Traction Control Unit) for subsea installations and two ODIM LARS
(Launch And Recovery Systems). The systems will be delivered in October
2010 and installed on Havila Shipping's recently announced new subsea
construction vessel.

ODIM, headquartered in Hareid, Norway, develops and sells cable
handling systems and winches for use on offshore and naval vessels. The


company reported revenue of NOK1.42bn in 2007.

One British pound (GBP) is worth approximately 10.08 Norwegian kroner
(NOK).



((Comments on this story may be sent to
nbr.feedback@nordicbusinessreport.com))

Copyright ? 2008 M2 Communications Ltd.

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