Cavotec has published its Annual and Sustainability Report 2024, highlighting the company’s financial performance, strategic progress, and sustainability initiatives over the past year.
David Pagels, Cavotec CEO, commented on the company’s progress:
"In 2024, we established a stronger Cavotec with higher profitability and a strengthened financial position. Thanks to the success of our change
“We ended 2024 with strong order intake, higher order backlog and improved operating profitability. In 2024, we have established a stronger Cavotec with higher profitability and strengthened financial position. Thanks to the success of our change programs, we have also been able to invest in product development which have further strengthened our competitiveness. With the continued good demand for
Cavotec has signed a multi-million euro order for its MoorMaster™ NxG automated mooring system to be installed at Port of Dublin in Ireland.
Cavotec has appointed Jonathan Eriksson as Senior Vice President and Head of Industry Division and Nicklas Vedin as Senior Vice President and Head of Ports & Maritime Division. Patrick Mares, in Group Management since 2019, has been appointed Senior Vice President, Product Management and Chief Technology Officer.
Cavotec has signed a shore power order worth EUR 4 million with a leading global shipping company at the end of 2024. The order is yet another clear sign of the strong need to reduce emissions in marine environments.
Cavotec has signed three significant shore power orders totaling EUR 7 million for Italian ports, received at the end of 2024. These orders highlight the growing adoption of sustainable port technologies in Italy, as ports transition to more environmentally friendly operations.
Cavotec Hong Kong Limited, a wholly-owned subsidiary of Cavotec SA, has signed a Letter of Intent with Shanghai Zhenhua Heavy Industries Company Limited (ZPMC), a major publicly traded state-owned enterprise listed on the Shanghai Stock Exchange and a leader in the global heavy equipment manufacturing sector. This significant agreement, overseen by ZPMC’s principal shareholder, China Communication
Cavotec has signed two major orders, totaling EUR 6.5 million, to provide its cutting-edge PowerMove shore power systems to two Mediterranean ports. These systems will support cruise ships and RoRo vessels by enabling them to connect to shore power, significantly reducing emissions and contributing to more sustainable port operations.
Cavotec is pleased to announce the successful commissioning of a MoorMaster automated vacuum mooring system at APM Terminals MedPort Tangier, Morocco. The system shortens the turnaround time of vessels at the terminal, increasing terminal productivity and lowering vessel fuel consumption.
APM Terminals Medport Tangier, part of the Tanger Med Port which ranked fourth in the world’s most efficien
Cavotec, a leading cleantech company, is pleased to announce the inauguration of its new production facility in Chennai, India. This strategic expansion is aimed at serving both the fast growing domestic market in India and the extensive global market.
Cavotec is excited to announce the inauguration of our MoorMaster automated vacuum mooring system today at DP World San Antonio, the largest multipurpose port in Chile. This significant milestone marks the first implementation of an automated mooring system in South America, setting a new standard for port technology in the region.
Cavotec has signed a new service agreement with Port of Salalah in Oman. The agreement means that Cavotec will perform service of its 32 installed MoorMaster vacuum mooring units.
Cavotec has signed an order for shore power with a global shipping company, valued at about USD 5 million. The order includes a substantial number of PowerFit shore power units, enabling vessels to connect to shore power with ease while docked. Deliveries is scheduled later this year.
Cavotec has signed a service agreement with APM Terminals at the Port of Tanger Med. The agreement means that Cavotec will perform service for all its MoorMaster NxG units and Power Units operational at the port.
Our MoorMaster™ automated mooring systems have completed more than one million moorings at bulk, ferry, Ro/Ro, container handling and lock applications all over the world, making ports safer, more efficient and more sustainable.
Cavotec will support the decarbonisation at APM Terminals MedPort Tangier by providing its next generation vacuum mooring system MoorMaster NxG. The automated transhipment terminal is one of the most technologically advanced, safest, and efficient terminals in the world.
Our MoorMaster automated vacuum mooring technology marks a major milestone today with the official opening of the new 6 Wharf at Napier Port in New Zealand, the country's fourth largest port by container handling volume.
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 has once again been awarded shore power equipment orders from a major global shipping line. The equipment, which will enable safe and fast connection to shoreside electricity, will be retrofitted to some of the largest container ships in the world.
Cavotec has signed an agreement to divest its Airports business to US-based investment company Fernweh Group LLC.
Cavotec is a leading cleantech company that designs and delivers connection and electrification solutions that enable the decarbonisation of ports and industrial applications. Backed by more than 40 years of experience, we provide systems that ensure safe, efficient and sustainable operations for a wide variety of customers and applications worldwide.
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