£72 Million order extends largest ever Rolls-Royce offshore Marine contract

Thursday, 20 December 2007

Rolls-Royce has won £72 million of further business on its largest ever offshore marine contract, taking the total order value to £155 million.

In June 2007, the company announced an £83 million contract to deliver designs and equipment for six new Rolls-Royce offshore service vessels to Nordcapital, which will be operated on their behalf by OSM Schiffahrt. The new order win covers a further four ships.

The vessels - designed by Rolls-Royce and incorporating a range of its marine equipment, including diesel engines, deck machinery, thrusters and dynamic positioning systems will be built by the Korean yard Sekwang.

The four UT 786 CD deep water anchor handling vessels are Rolls-Royce UT-Design ships which have been highly successful in the commercial shipbuilding market, with over 500 vessels built since the mid 1970s and around 100 currently on order.

John Paterson, Rolls-Royce President - Marine, said: “We are delighted that Nordcapital has now specified Rolls-Royce designs and systems for the whole of its current building programme for new offshore vessels.”

  1. Rolls-Royce, a world-leading provider of power systems and services for use on land, at sea and in the air, operates in four global markets - civil aerospace, defence aerospace, marine and energy.
  2. The marine business of Rolls-Royce, focuses on power, propulsion and motion control solutions and serves over 2,000 customers. Its equipment is installed on 20,000 commercial and naval vessels operating around the world. The business employs 7,400 people in 34 countries with main manufacturing centres in the UK, the Nordic countries, the United States and, increasingly, Asia.
  3. Rolls-Royce has been increasing its marine business in China annually over recent years and its global merchant business is now headquartered in Shanghai, where a new factory opened a factory in 2005 to serve the world's largest commercial shipbuilding market. Together with an existing facility in South Korea, the new factory forms a production hub for North-East Asia.
  4. In November 2007, Rolls-Royce won its largest contract with Chinese shipbuilder Sinopacific, worth $42 million, to provide steering gear and deck machinery for bulk carriers and liquid petroleum gas carriers.
  5. OSM Schiffahrt, based in Hamburg, Germany, was created by the Nordcapital Group, based in the same city, and the Norwegian ship management company OSM as a 50:50 joint venture in November 2006.

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