Cavotec pens additional shore power supply contracts worth nearly $11M

Cleantech company Cavotec has signed additional contracts worth a total of €9.35 million (approximately $10.9 million) with an undisclosed shipping player to supply shore power systems for container vessels.

According to officials from Cavotec, the two new orders cover both newly built boxships and retrofitting projects.

To be specific, the retrofitting order, valued at around €5.5 million (around $6.4 million), includes the installation of the cleantech company’s shore power solutions on a ‘large’ but undisclosed number of existing ships.

The projects will reportedly be done while the units are in operation between Asia, the United States and Europe. As informed, equipment handovers are planned to commence sometime this year and continue until the end of next year.

Per Cavotec, the second order—worth € 3.8 million (circa $4.4 million)—is an addition to the €8.1 million (roughly $9.4 million) booking that Cavotec had unveiled in May this year. The project encompasses the outfitting of shore power systems for newly constructed containerships, with deliveries due to start in the second half of 2026.

It is understood that Cavotec’s solutions can reduce harmful pollutant emissions by a ‘significant’ amount