Rolls-Royce Designs Selected for 53 OSV's

Wednesday, March 14, 2001
UT-Designs and packages of equipment from Rolls-Royce have been chosen for 53 offshore service vessels (OSVs) during the past year. The transaction represents 70 percent of orders placed during the year and is the largest in this sector of the company since the mid-1970s.

Twelve of these vessels were ordered just before the end of 2000 and will be worth $57.9 million to Rolls-Royce - bringing the total value of these contracts to the company to $246.3 million.

The vessels, 16 of which are powerful anchor handlers, will be built in shipyards in Brazil, China, Denmark, Japan, Korea, Norway and Singapore; delivery dates will extend well into 2003. With the market favorite platform supply vessel leaning toward the UT755 in standard or long versions - 19 are on order. The long-established UT745 retains its popularity, with diesel electric versions also available.

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