FastShip Selects Gear Corporation As Supplier

Wednesday, October 06, 1999
FastShip, Inc. has reached an agreement with Philadelphia Gear Corporation to supply sophisticated transmission equipment for the company's high-speed trans-Atlantic fleet. The $35 million order is the largest in Philadelphia Gear's 100-year history, bringing more than 100 direct and indirect jobs to the region. Per the agreement, Philadelphia Gear will supply 20 gearboxes - five in each of FastShip's initial four vessels - plus one spare gearbox and additional parts, as well as a 10-year service maintenance package. The gears will help generate power for the vessels equivalent to two and a half times that of a jumbo jet. Philadelphia Gear will also participate in vendor financing of FastShip, which intends to complete its total financing package by year-end 1999. The gearboxes will link the five Rolls-Royce marine Trent engines to Kamewa water jets, delivering a total of 250 Mw or 335,000-hp. This propulsion package will enable the 860 ft. (262 m) vessels, carrying a 10,000-ton payload, to complete the passage from Philadelphia to Cherbourg in less than four days, while sustaining speeds up to 40 knots.
Maritime Reporter October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Australia, US Order Anti-ship Missile Decoys

Design of the next generation of anti-ship missile decoys is set to commence following the signing of two contracts between the Australian Defense Force and BAE Systems Australia Pty Ltd.

General Dynamics Bags $ 50 mi Submarine Contracts

General Dynamics Advanced Information Systems, a business unit of General Dynamics was awarded two contract modifications totaling $50 million to continue supporting

Skangass Builds LNG Terminal in Pori, Finland

With investment support from the Finnish Government of 185 million NOK Skangass has decided to build a new import terminal for LNG. The terminal will be completed in 2016.

Offshore

MOL Merges Group Companies; Upgrades Bridge Simulator

MOL adds DPS and enhances safe operation by integrating expertise through merger Mitsui O.S.K. Lines, Ltd. (MOL) announced the merger of MOL Marine Consulting, Ltd.

Swire Pacific Acquires 3rd L Class PSV

Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming and delivery of its third L Class PSV vessel, Pacific Legend in Kyoto,

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

 
 
Maritime Contracts Maritime Security Maritime Standards Pipelines Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2210 sec (5 req/sec)