Rolls-Royce wins £84 million of offshore orders in Asia

Tuesday, 15 July 2008

Rolls-Royce has won £84 million of contracts to supply propulsion equipment for offshore vessels being built in China and Korea.

Rolls-Royce has won £84 million of contracts to supply propulsion equipment for offshore vessels being built in China and Korea.

The orders mark the continuing strength of the offshore sector for Rolls-Royce and reflect the company's growing presence in the Asian marine market, which is the biggest in the world for commercial merchant ships.

The company has won a £44 million order to supply propulsion equipment for a ship specially designed to drill for oil in the harsh environment of the Arctic. In addition, it has also signed a £40 million contract with Fujian Mawei Shipbuilding in China for the delivery of propulsion and control systems for 18 offshore supply vessels. Rolls-Royce has been increasing its marine business in Asia in recent years and has factories in Shanghai and Busan, Korea.

Stena Drilling, which placed the contract for the Arctic drilling ship, has also ordered Rolls-Royce thrusters for three other ships of this type and has reserved an option for a fifth vessel. The ship will be built at Samsung Shipyard in Korea alongside two other vessels of the same class. Twelve of the vessels being built at Fujian Mawei Shipbuilding in China have been ordered by the American ship owner Tidewater.

“Strong, long term relations with our customers, a well proven product range that meets current requirements in the market, and the company's ability to adjust according to our customers needs, is what these latest orders in Asia are based upon,” said Anders Almestad, Rolls-Royce President - Offshore.

The Marine business of Rolls-Royce employs over 7,000 people in 34 countries with the main manufacturing centres being in the UK, the Nordic countries, the United States and increasingly Asia.
Rolls-Royce is a world leader in marine solutions, providing products, service and expertise to more than 20,000 commercial and naval vessels in the offshore, merchant, naval and submarines markets. It designs ships and its product range includes propulsion systems featuring diesel engines and gas turbines, propellers, thrusters and water jets.
Rolls-Royce is also designing and equipping one of the world's most advanced seismic research vessels for China - the first such contract in the important Chinese market for offshore seismic vessels.The seismic streamer vessel has been ordered by BGP Marine China, a subsidiary of China National Petroleum Company. Earlier this year Rolls-Royce also won a £58 million contract to deliver design and equipment systems for two of the world's most advanced offshore support vessels to be operated by China Oilfield Services Ltd (COSL) - also a first for the Chinese market.
Rolls-Royce has been present in China for over 45 years. In addition to Marine, the Civil Aerospace and Energy businesses have a strong presence in China. The Rolls-Royce combined order book for Asia and the Middle East in 2007 was equal to the entire global order book four years earlier.
Rolls-Royce powers over 300 aircraft in Korea, with over 500 engines in service with Asiana, Korean Air, Government agencies and all three of Korea's armed forces. Rolls-Royce waterjets, propellers, ship lifts are also in service with the Korean Navy and the Korea Coast Guard.

Rolls-Royce is supplying six azimuth thrusters to dynamically position the drilling vessel and enable it to operate in harsh arctic environments and ice infested waters. The six UUC 505 FP type thrusters will be classed according to DNV Ice-10 rules.

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