Marine and offshore fluid handling systems specialist Hamworthy (LON:HMY) has won orders worth around £10m. The firm has clinched an order for the supply of pumps and pump systems for the Papa Terra FPSO and a contract for cargo handling systems for two LPG-carriers. Shares in the group responded by rising 0.7% to 294.5p.

The pump contract for the Papa Terra FPSO comprises the cargo pump room system, firewater pump system and sea-water lift pumps. Delivery of the equipment is scheduled for the end of 2010 and beginning of 2011. Papa Terra FPSO will be owned and operated by BW Offshore for Petrobras in Brazil. Elsewhere, the contract to supply LPG cargo handling packages was awarded by Hyundai Heavy Industries Co for installation on two 23,000 cubic metre fully refrigerated LPG carriers for delivery to Indonesian owner Pertamina Shipping. The contract includes all cargo related engineering and equipment and will be delivered in 2010 and 2011.

Chief executive Joe Oatley said: “We still expect the shipbuilding market to remain challenging for some time and it remains too early to predict when a wider sustained recovery in our core markets will occur. However, these orders are encouraging and reinforce the signs of increased activity in the FPSO and smaller LPG markets reported earlier this month.”

Last week, Hamworthy won a contract worth in excess of £5m from Korean shipbuilder Daewoo Shipbuilding and Marine Engineering for delivery over the next two years to supply its exhaust gas cleaning technology. Earlier in the month it reported that sales in the year to March 2010 had fallen by 19.5% to £214.3m on a constant currency basis, with pre-tax profits down by 7.5% to £20.6m. At the time, chairman Gordon Page warned that market conditions remained uncertain but he expressed confidence in the group’s long-term growth opportunities.

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