Shore power systems market gets more competitive

Cavotec reports a strong result for Q3 2026, but “intensified competition” in the shore power market is impacting margins in this fast-growing sector, and Cavotec is not yet satisfied with its overall profitability.

Cavotec has reported a solid result for Q3 2026. The company’s order backlog reached “a record high” of €160m and revenue increased by 19% during the quarter.

In the Ports & Maritime segment of its business Cavotec booked an order worth €8m for shore power systems for newbuild container vessels for an undisclosed shipping company, and a €5m order for the first automated mooring system in India.

The vacuum mooring system will be installed at Jawaharlal Nehru Port in Mumbai with delivery scheduled for the fourth quarter of 2027. “This is an important order and a significant reference project, which we naturally hope will pave the way for further orders in India,” said David Pagels, CEO at Cavotec.

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