Rolls-Royce to supply design and integrated systems package to Cosco

Friday, 21 March 2014

Rolls-Royce has won an order to provide an integrated design and equipment package for two offshore supply vessels to be built at COSCO (Guangdong) Shipyard Co., Ltd in China for Singapore based Chellsea Group.

The order represents the exercise of an option for a further two vessels contained in an initial contract for two vessels with the same yard and owner announced in October last year. All four vessels will be added to the fleet of two UT-vessels operated by Chellsea today.

The two Rolls-Royce UT 771 WP platform supply vessels features the striking wave piercing bow designed to pierce through waves in rough seas, making it possible to keep a more constant speed, reduce fuel consumption and increase on board safety.

Ronny Pål Kvalsvik, Rolls-Royce, Vice President Sales and Contract – Offshore, said: "This new design was developed in cooperation between Rolls-Royce, the ship owner and the yard. We are of course very pleased that the confidence they have shown in us is now confirmed through the realisation of these options."

The delivery from Rolls-Royce will comprise ship design and an extensive integrated systems package including MTU-engines, a propulsion system, a power electrical system, a bulk handling system, deck machinery, an automation and control system as well as a dynamic positioning system that uses satellite technology to automatically maintain the vessels' position without anchoring.

The two vessels are scheduled for delivery in late 2015 and early 2016. The contract now includes an option for an additional two vessels.

  1. Rolls-Royce's vision is to create better power for a changing world via two main business segments, Aerospace and Marine & Industrial Power Systems (MIPS). These businesses address their markets with two strong technology platforms, gas turbines and reciprocating engines, for use on land, at sea and in the air.
  2. Aerospace comprises Civil Aerospace and Defence Aerospace. MIPS comprises Marine, Energy, Nuclear and Power Systems. Power Systems includes Rolls-Royce's 50% ownership of Rolls-Royce Power Systems (RRPS), a collaboration with Daimler AG. RRPS was fully consolidated in the results of Rolls-Royce plc for the first time in 2013.
  3. Rolls-Royce has a broad customer base comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers, including 70 navies, and 1,600 energy and nuclear customers in 120 countries.
  4. Annual underlying revenue was £15.5 billion in 2013, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £71.6 billion at 31 December 2013.
  5. Rolls-Royce employs over 55,000 people in offices, manufacturing and service facilities in 45 countries. Over 17,000 of these employees are engineers.
  6. In 2013, Rolls-Royce invested £1.1 billion on research and development. We also support a global network of 29 University Technology Centres, which connect the company's engineers with the forefront of scientific research.
  7. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2013 we employed 379 graduates and 288 apprentices to our programmes worldwide.

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