Rolls-Royce to install fuel efficient Promas Lite system on four ships for Finnlines
Wednesday, 21 May 2014
Rolls-Royce has been contracted to install its innovative Promas Lite propulsion system on four Finnlines ships, all to be delivered later this year. Promas Lite is an integrated propeller and rudder system that increases efficiency and is designed specifically for retrofitting to existing ships.
Finnlines is part of the Grimaldi Group, which has over three years of experience with Rolls-Royce on a series of projects to re-blade propellers to improve efficiency. The efficiency gains and fuel saving benefits created by these projects has led to this latest contract to equip four Finnlines vessels.
In many previous Promas Lite upgrades, the primary goal has been to achieve fuel savings for the customer. Finnlines, however, wished to maximise the efficiency of its vessels while also ensuring the new engine configuration maintained the speeds required on its routes. Successfully striking this balance was key to securing the £3.8m order.
Andrew Marsh, Rolls-Royce, President - Services said: "We are delighted to work together with Finnlines to bring the first installation of Promas Lite to the Baltic Sea. Not only will Finnlines achieve a reduction in fuel consumption but also in NOx emissions, helping the company realise its environmental ambitions."
Typical fuel savings for Promas Lite range from 5 to 15 per cent, depending on the type of operation and the performance of the existing propeller. For example, the total efficiency improvement in the case of Nordlink, one of the Finnline vessels, is predicted to range from 19-21% at 20 knots with an estimated payback period of two years. The other three vessels have a speed guarantee.
Emanuele Grimaldi, President and CEO, Finnlines Plc said: "Environmental compliance and cost efficient operations are key factors in the success of Finnlines. The installation of the Promas Lite systems on our modern RO-RO vessels is a major step in the implementation of our strategy. The extensive experience that Rolls-Royce has in this area, together with the retrofit services the company can provide, will greatly help us during the engineering and installation phases of this programme."
Delivering the upgrades for all four shipsets will take place between October and December of this year.
Notes to Editors:
- 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 business segments address markets with two strong technology platforms, gas turbines and reciprocating engines, for use on land, at sea and in the air.
- Aerospace comprises Civil Aerospace and Defence Aerospace. MIPS comprises Marine, Energy & Nuclear and Power Systems (RRPS). On 7 March 2014, Daimler announced their intention to exercise their option to sell their 50% share in RRPS to Rolls-Royce Holdings plc. On 16 April 2014, the valuation was agreed and the transaction is expected to complete within the coming months, subject to the usual regulatory approvals. On 6 May 2014 Rolls-Royce announced it had signed an agreement to sell its Energy gas turbine and compressor business to Siemens for a £785m cash consideration. On completion, expected before the end of December 2014, Rolls-Royce will receive a further £200 million for a 25 year licensing agreement.
- Rolls-Royce has customers in more than 120 countries, 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.
- Our business is focused on the 4Cs:
- Customer - placing the customer at the heart of our business
- Concentration - deciding where to grow and where not to
- Cost - continually looking to increase efficiency
- Cash - improving financial performance.
- 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.
- In 2013, Rolls-Royce invested £1.1 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers with the forefront of scientific research.
- Rolls-Royce employs over 55,000 people in 45 countries. Over 17,000 of these are engineers.
- 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 through our worldwide training programmes.
- Rolls-Royce manufactures the broadest range stabilisers in the market. The retractable Aquarius series is specially configured for smaller vessels, and highly suitable for naval vessels with a small hull aperture, and compact installation supplied complete with fin box.
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