PaxOcean orders two Rolls-Royce designed offshore vessels

Monday, 24 January 2011

 Rolls-Royce, the global power systems company, today announced an order from Singapore-based offshore company, PaxOcean, to provide the ship design, propulsion systems and deck machinery for two platform supply vessels.

The order is worth over £12 million to Rolls-Royce with additional options to construct a further four vessels of the same type.

YK Tang, Director of PaxOcean Group Marketing, added: “We are very happy to build on our good relationship with Rolls-Royce and pleased to construct this leading design in diesel-electric offshore vessels. Our in-house PaxOcean Engineering Design team is also very pleased with the close collaboration with Rolls-Royce.”

Ronny Pål Kvalsvik, Rolls-Royce, Sales Manager - Ship Technology Offshore, said: “These vessels combine a proven Rolls-Royce ship design, integrated with a range of mission-critical onboard technology, enabling safe and efficient operation in the challenging environments of oil and gas fields. We look forward to working closely with PaxOcean throughout the construction of these advanced vessels.”

The UT 755 CD is a development of the popular UT 755 series. The vessels will be built at PaxOcean Engineering’s offshore vessel shipyard in Zhuhai, China, with delivery due in 2012.

Since the first UT 755 was delivered in 1996, more than 170 vessels of this design have gone into service or are on order worldwide. The latest models feature increasingly efficient hull designs and diesel electric propulsion technology, which minimise the impact on the environment and improve the comfort and safety of the crew.

In total, more than 650 Rolls-Royce designed UT vessels are in service around the world.

  1. Rolls-Royce, a world-leading provider of power systems and services for use on land, at sea and in the air, has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.
  2. As a result of this strategy, Rolls-Royce today has a broad customer base comprising more than 600 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 2,000 marine customers, including 70 navies, and energy customers in nearly 120 countries, with an installed base of 54,000 gas turbines.
  3. Rolls-Royce employs 39,000 skilled people in offices, manufacturing and service facilities in 50 countries. The Group has a strong commitment to apprentice and graduate recruitment, and to further developing employee skills.
  4. In 2009, Rolls-Royce invested £864 million on research and development, two thirds of which had the objective of further improving the environmental aspects of its products, in particular the reduction of emissions.
  5. Annual underlying revenues were £10.1 billion in 2009, of which about half came from services revenues.  The firm and announced order book stood at £58.4 billion at 30 June 2010, providing visibility of future levels of activity.
  6. The Marine business of Rolls-Royce employs 9,000 people in 34 countries with the main manufacturing centres being in the UK, the Nordic countries, the United States and increasingly Asia.
  7. Rolls-Royce is a world leader in marine solutions, providing products, service and expertise to more than 30,000 vessels in the offshore, merchant, naval surface and submarine markets. It designs ships and its product range includes propulsion systems featuring diesel engines and gas turbines, propellers, thrusters and water jets. Rolls-Royce also provides manoeuvring and stabilising systems and deck machinery.
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