7 May 2026 – Nekkar ASA’s wholly-owned subsidiary Syncrolift AS has been awarded a contract by South Red Sea Shipyard in Egypt for the design and supply of a 7,000-ton shiplift and transfer system.
The total contract value for Syncrolift is EUR 8.5 million. Delivery is scheduled for the fourth quarter of 2027. Syncrolift will conduct project management and engineering from its Headquarter and Innovation Centre in Vestby, Norway.
Syncrolift’s scope includes engineering, design and supply of the main shiplift and transfer system equipment. The new facility will support South Red Sea Shipyard’s newbuilding and repair operations across a broad mix of vessels, including yachts, offshore vessels, tugs and fishing vessels.
“This award reflects continued demand for our shiplift and transfer systems in the commercial market. South Red Sea Shipyard is establishing a modern facility serving a diverse vessel mix, and we are pleased to support the project with a 7,000-ton system designed for that purpose” says Rolf-Atle Tomassen, managing director of Syncrolift AS
The contract confirms Syncrolift’s position as a leading supplier of large-scale shipyard handling solutions and extends the company’s commercial footprint in the Red Sea region.
“The contract underlines Syncrolift’s strength in the commercial shiplift market, in addition to its established role in the naval defence segment. It also illustrates the breadth of customers and geographies Syncrolift continues to serve” says Ole Falk Hansen, CEO of Nekkar ASA.
Syncrolift is the world's leading manufacturer of shiplifts and transfer systems having won 60 percent of all shiplift contracts during the past ten years. Syncrolift holds a leading position in the naval-based defence industry, as well as in the commercial shiplift market. Syncrolift is a wholly owned subsidiary of Oslo-listed Nekkar ASA.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Contacts
- Ole Falk Hansen, CEO, +47 988 14 184, ir@nekkar.com
About Nekkar ASA
Nekkar (OSE: NKR) is an industrial long-term owner of ocean-based technology companies. The company invests in and develops technology businesses within sustainable oceans, robotics and intelligent logistics, and digital solutions. With a 50-year industrial heritage from Syncrolift, Nekkar applies an active buy-to-own strategy to build long-term value. The group supports empowered operating companies with a strong balance sheet and reinvests strategically to ensure profitability and sustainable growth. As a publicly listed company, Nekkar has a proven track record of shareholder value creation through disciplined M&A, financial management, and capital allocation.