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MJP Wins Record Order in S. Korea
Friday, May 16, 2008
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The Coast Guard of Taiwan has recently taken delivery of CG hull 123 and CG 125, which form part of Taiwan's 500 ton project. These two new vessels were built by Jong Shyn shipyard and are equipped with 4 x MJP 850 jets provided by Sweden-based MJP Waterjets. Comparing these new waterjets with the CP propellers of the preceding conventional ship, the results are striking. The new MJP propulsion arrangement is said to cost 40% less, while, at the same time, propulsion efficiency, fuel economy, acceleration and ship speed have been improved significantly.
The jet sizing is selected to ensure 100% power, even if running on two jets only. A rudder arrangement is fitted on the hull and is fully integrated with the jet control system. This maximises ship speed and manoeuvrability in rough seas, which are typically found outside Taiwan.
Further to the above successful delivery, MJP Waterjets announces its biggest order to date, worth $14m. MJP Waterjets is to supply water jet propulsion systems for the ongoing 500 ton project in South Korea. Customer is the South Korean Coast Guard and delivery is scheduled for 2009.
“MJP's record order is thanks to an explicit focus on Asia and South Korea in particular. The total order sum is now well above $25m since our first order in March 2007,” said Österby Marine's managing director Hans Andersson.
Marine Jet Power AB (MJP) is a part of the Swedish industrial group Österby Marine, also including Österby Gjuteri and Alcopropeller. Österby Marine is a wholly owned subsidiary of Termo Holding (publ).
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