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FastShip Comes To Agreement With Rolls Royce

Maritime Activity Reports, Inc.

August 26, 1999

FastShip has reached an understanding with Rolls Royce Plc for the supply of gas turbine engines that will power the company's revolutionary high speed Trans-Atlantic fleet, providing the approximate power equivalent to two 747 jet engines. The deal, worth $1 billion, represents the largest-ever single order for Rolls Royce for marine engines. The agreement requires Rolls Royce to construct 25 marine Trent gas turbines - five in each of FastShip's initial four vessels, and five spares. Additionally, Rolls Royce will provide a 20-year support package throughout the life of each engine, as well as establish a maintenance facility in the Philadelphia region for the contract's management purposes. The Rolls Royce Trent engines, which derivate from the company's Trent aero-engine and the most powerful gas turbine propulsion unit available, will drive one Kamewa water jet, delivering 335,000-hp. The propulsion package will allow the 860 ft. (262 m) vessels, carrying a payload of 10,000-tons to complete the journey from Philadelphia to Cherbourg in less than four days, while attaining speeds of up to 40 knots.

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