Mooring Systems remains optimistic
Despite failing to secure a shipto-ship mooring equipment contract with the US Navy, Christchurch-based Mooring Systems remains optimistic about its future. Mooring Systems ceo Peter Montgomery says the company has 20 prospective deals before it and seven patent applications under consideration. Current projects include trials at Salalah and Dover, ongoing work in Europe and the sale of two units for the New Zealand Interislander ferry Kaitaki.
The manpower required for conventional lashing of trailers on a typical North Sea freight ro-ro is 32. However, utilising the IPSI Trailer Trestle system this figure is reduced to just 10. With the high cost of port workers and seamen in northern Europe, the savings are significant, says TTS.
High developmental costs and a slow uptake from its potential marketplace have yet to see the company deliver profitability to shareholders.
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