Stena Line and Port of Rotterdam announced last year their collaboration to build a second berth at the Stena Line terminal at Europoort prior to the existing berth being renewed, as part of an extensive investment program designed to meet future customer demand.

Today the linkspan in the old berth allows one lane traffic only while the new linkspan is a state-of-the-art solution for efficient loading and unloading of rolling cargo between the ship and terminal with possibility of three lane traffic. The length of the new linkspan is about 18 meters with a width of 22 meters at the outer end, where the vessel ramp will be resting. It is maneuvered by dual hydraulically actuated cylinders on each side.

Stena Line and Port of Rotterdam is in progress building the new berth in the port and TTS Marine AB is delivering the linkspan for this berth as well. The new berth is expected to be completed and in operation in the first quarter of 2017. When the new berth is in operation the old berth will be renewed and the plan is to be operational by January 1st 2018. This will give Stena Line much greater flexibility to service the growing freight market.

Terex has on March 23, 2016, issued a press release regarding the revised non-binding proposal stating the following: “The proposal is conditioned on, among other things, receipt of U.S. and Chinese regulatory approval and Zoomlion shareholder approval. The Terex Board of Directors, in consultation with its legal and financial advisors, has determined to pursue negotiations of definitive terms with Zoomlion to ascertain whether it can obtain a binding proposal from Zoomlion which provides for a high degree of closing certainty. There can be no assurance that a satisfactory proposal can be obtained.”

Further, Terex states in its press release that “The Terex Board of Directors has not changed its recommendation in support of the proposed combination with Konecranes. Until such time as Terex’ existing agreement with Konecranes is terminated, Terex is prohibited from entering into an agreement with Zoomlion. Without agreement from Konecranes, Terex may not terminate its existing agreement unless and until Terex shareholders vote upon, and fail to approve, the Konecranes transaction, or Terex is otherwise entitled to terminate under its agreement with Konecranes.”

Konecranes continues to believe that the merger of equals with Terex represents a highly compelling opportunity for both companies and their shareholders. Konecranes will continue to pursue the merger of equals with Terex in accordance with the Business Combination Agreement and Plan of Merger (“BCA”) between the parties. The BCA is available for review on Konecranes’ website at www.konecranes.com/investors.