Cortland Synthetic Fiber Lifting Slings2011

PSR Overview

• Member of Cortland Companies – division of Actuant

• Purchased by The Cortland Companies in 1999 and by Actuant in 2008

• Specializes in the design & manufacturing of high performance braided rope and assemblies

• Founded in 1979 - Moved to Anacortes in 1983

• Currently has 47 employees in Anacortes

• Sells worldwide in a variety of specialized markets with emphasis on heavy marine & offshore oil applications

Cortland Overview

Four manufacturing facilities• Puget Sound Rope Anacortes WA (ropes)

• Cortland/Fibron UK Hoddesdon (umbilicals)

• Cortland Cable Cortland NY (cables/ropes)

• Selantic Bergen Norway (round slings)

Sales and service facilities

•Aberdeen, Singapore and Houston

200 employees

Major emphasis on offshore oil industry

Web Site http://www:thecortlandcompanies.com

Primary product lines

• Cables (armored and synthetic)

• Umbilicals

• Synthetic Ropes & Slings

Cortland Applications

Seismic Tow Cables

Heavy Lift Deepwater

UmbilicalsROV

Tugboat Ropes

Heavy Lift Sling

Utility Lines

Diving BellSpecialty Rope & Cable

Subsea work-over/control

Safety lines & tethers

• Four operating segments

– Sales roughly equal

– Profit mix – Industrial / Energy

• Significant diversification

– End markets

– Geographies

– Customers

• Leading niche market positions

• 5,900 employees

• Ticker: ATU

Actuant OverviewDiversified Industrial Business Focused on Profitable Growth

Fiscal 2009 Revenue $1.2B

Heavy Lift Sling Market

Dominated by wire rope slings because of

Traditional use Engineering in lifts Excellent performance Precision length tolerances No stretch Certification standards Reliability Local global access Strengths up to 10,000 Te

But wire rope slings can provide problems too!

HeavyInflexible Rust and corrosion Storage Handling and rigging injuries

Wire rope lifting slings

High operational use costs Rigging time and manpower needed Difficult to use in offshore remote locations and varying weather states Extra equipment needed to rig Transportation costs Possible “marring” of item being lifted

Light weight High modulus Excellent tension

fatigue Over-sheave fatigue

life good at low rates and loads (can exceed wire)

Torque-free Does not corrode Strength equal to

wire on a per size basis

Very heavy High modulus Good to excellent

tension fatigue resistance

Good over-sheave fatigue resistance

Heat tolerant Prone to corrosion Require periodic

lubrication

Wire Rope Fibre Rope

Synthetic fiber slings offer solutions1. LIGHTWEIGHT 2. Flexible3. Faster to rig with4. Compatible with existing

hardware and certification standards

5. Reliable performance1. Strengths2. Length tolerances3. Stretch - elongation4. Durability

6. Not affected by environmental conditions including sea water

Synthetic fiber sling solutions

Superior bending fatigue and D: d ratios over wire rope

Sling length tolerances:• Rope – as low as .025%• Round (Selantic) – as low as .1%

Almost zero weight in water

Options for wear pads and covers

Tagged and certified

High modulus synthetic fibers in slings

Cortland companies specialize in the design, manufacture and use of modern high modulus synthetic fibers such as

1.Plasma HMPE (High Modulus PolyEthylene)2.Aramids: Technora, Kevlar3.LCPs (Liquid Crystal Polymers); Vectran

Our knowledge of these fibers allows us to choose and propose the best fiber rope or Selantic round sling for your lift.

HMPE Synthetic Fibre Ropes

High Modulus PolyEthylene (HMPE) synthetic fibre ropes have become the most popular synthetic rope in wire rope replacements

Value Proposition:1/7th the weight of a comparable strength wire Can replace size for size wire rope Flexible torque-free braided constructions Most cut and abrasion resistant synthetic fiber in rope Impervious to most environmental conditions Allow operators to conduct operations faster and safer Typically provide longer service life

HMPE fiber in ropes and slings

Allows marine operators to save money through faster and safer operations

Tug

1. Fewer crew members need lightweight strong rope in diameters they can handle1. Fewer rope handling injuries

2. Proven global track record on high horsepower tractor tugs1. Handle indirect maneuvers2. Long service life3. Works in cold or hot weather with no problems4. Most leading global tug companies have converted

3. Faster line “make-up” and retrieval4. Non-jacketed HMPE ropes are easy to inspect and repair

HMPE fiber in ropes and slings

Mooring

1. Fewer crew members need lightweight strong rope in diameters they can handle1. Fewer rope handling injuries during mooring process2. Fast mooring times; reduction of up to 2/3rds time

2. Proven global track record on leading oil and gas carriers1. Chevron, Shell, BP, BG, etc.2. Long service life3. Works in cold or hot weather with no problems

3. Non-jacketed HMPE ropes are easy to inspect and repair4. Long service life – up to 3 times or more that of wire rope

Synthetic fiber slings offer solutions

Cortland offers two typesof HMPE fiber slings

1. Selantic round slings

2. Puget Sound Rope slings

Both offer advantages inlifting over wire rope

Heavy lift Selantic slings

What we can do at Cortland / Selantic

Make specialty round slings up to 2000 Te MBL from high modulus synthetic fibers

Selantic brand

1. Industry and application experience in lifting

2. Well respected by key customers for product and engineering services

3. Ability to design with customers on both slings and hardware

4. Innovative product offerings and protective coverings

5. Rapid manufacturing6. Well known by DNV

Cortland Sling Solution goals

1. Work with customers to provide lightest weight products to replace wire rope in lifting1. Synthetic fiber lifting sling products2. Specialty compliant hardware3. Reliable performance values on

products 4. Compliance with safe lifting standards

and procedures5. Guidelines to safe use, inspection and

repair of sling products

Heavy lift Plasma Rope slings

What we can do at Courtland / PSR

Make vertical lift Plasma rope slings from up to 2233 Te in an eye-to-eye configuration or 3685 Te MBL in an endless grommet u

Puget Sound Rope Plasma Brand

Innovative patented HMPE product and construction (12x12) with growing global name-brand recognition

The largest 12 strand braider in the world – able to produce up to 200mm diameter 12 strand torque-free braids

Extensive testing to back Plasma and rope products We are currently testing 180mm

diameter Plasma 12 x 12 in Houston for a lifting job

PSR’s most popular rope - Plasma

• We take base HMPE fiber and put it through our patented secondary yarn process to increase strength through molecular alignment

• 12 x 1 construction from 1/8” – 1/1/2” dia.

• 12 x 12 construction from 1 5/8” diameter up

Patented Plasma rope

1. The patented Plasma process allows us1. Offer the highest strength

HMPE fiber rope2. Distinguishes ourselves from

people who sell “Dyneema rope”

3. Create new product from “yarn-up”

Rope Design and Construction

Patented 12 x 12 rope

construction

12 x 12 braided construction

• Reduces abrasion• Reduces compressive

damage• Easiest to splice• Easiest to inspect • If damaged, fast/simple

field repairs• Strands removable for

analysis

Cortland / PSR 12 x 12 construction

12 x 12 construction advantages

• Better bend fatigue due to construction

• Better profile retention than 12 x 1 design

• Strand repair• Long continuous lengths

due to less braider splices

A rope lifting sling

Plasma 12x12 rope sling with specialty chafe gear on eyes and body120mm diameter

Specialized PSR Chafe Solutions

To provide eye or body protection on ropes slings – we offer specialized coated braided materials

Our leading product for cut and chafe protection will be SX • SX is a tightly braided, polyurethane coated Spectra sleeve in high visibility colors

Plasma 12 x 12 sling configurations

Eye-to-eye sling

Endless grommet sling

Plasma rope sling standards

• 1. DNV Rule for Marine Operations – Part 2 Chapter 5 /Lifting Equipment 3.1Slings and Grommets – January 1996

• 2. ASME B30.9 (Safety standard for Cableways, Cranes, Derricks, Hoists, Hooks, Jacks and Slings - 2006)

• 3. BS EN 1492-4 (TEXTILE SLINGS - SAFETY - PART 4: LIFTING SLINGS FOR GENERAL SERVICE MADE FROM NATURAL AND MAN-MADE FIBRE ROPES – June 2009)

• 4. IMCA Guidance on The use of Cable Laid Sling and Grommets – IMCA M179 - 2005

• 5. The Cordage Group International Guidelines• a. CI 2001-04 Fiber Rope Inspection and Retirement Criteria• b. CI 1500-02 V.2 May 2006 – Test Methods for Fiber Ropes• c. CI 1401-06 • Safer Use of Fiber Rope • May 2006

Plasma rope sling standards - bending

If bending is a consideration for the sling, the angle of the lift on the sling and the size of the pin or object being lifted can seriously effect the MBL of the Lifting Sling. Angles and D: d ratio, (described as the ratio of the diameter around which the sling is bent divided by the sling body diameter of a single leg sling, or the component rope diameter in a multi-part sling), must be factored in the determination of a DF(Design Factor) to create a WLL (Work Load Limit)

D = the diameter of the bend and d = the nominal diameter of the sling.

Plasma rope sling standards - bending

The D: d ratio has a significant effect on the rated capacity of the sling when the sling is wrapped or bent around the object being lifted. Whenever a rope is bent around a diameter, the strength of the rope is decreased Synthetic rope and round slings offer a significant advantage over steel wire ropes in this bending factor due to many factors including better flex fatigue performance: e.g. wire rope slings typically need a D:d bend ratio of 18:1 or greater.

Synthetic fiber rope slings, depending on the fiber used, necessitate a typical D: d ratio as low as 2:1 – 8:1.

Support Technical Material

Plasma 12 x 12 rope sling Usage Manual

Offshore installation ropes

Plasma Slings

Offshore lifting (surface and subsea)

1. Movement of objects and material

2. Installation placement of objects and structures

Time = Money

Cortland slings’ design and performance allow:1.Faster rigging time with lighter weight tools2.Reliable lightweight rigging allows safety savings during operations3.Faster rigging with less handling issues offers a more efficient lift4.A more efficient lift saves operations big money