Rolls-Royce Quarterly News

Wednesday, January 09, 2008
In the final quarter of 2007, Rolls-Royce continued to expand its global capability, with strong performance in the marine and offshore sectors. The offshore marine business increased the value of its largest contract from Nordcapital to $227m with a further four UT Design deep water anchor handling vessels, incorporating a range of Rolls-Royce marine equipment, worth a total of $105 million. This followed a June 2007 contract worth $121 million for six UT Designs and equipment. The energy business also recorded its largest ever contract, with a $176mTotalCare services agreement with BP for the maintenance of 28 RB211 gas turbines operating onshore and offshore in Azerbaijan. The agreement extends an existing contract until 2016. In addition, the US Navy has renewed its F405 (Adour) engine services contract with Rolls-Royce for the fifth year to provide support for the T-45 training aircraft. The contract is worth $66m. In addition, the US naval architecture and engineering firm Seaworthy Systems Inc., based in Connecticut, with offices in New Jersey, Virginia and California, has been acquired to improve further marine support services.
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Denmark Issues New Pilotage Regulations

In an effort to make the pilotage market more efficient, the Danish Maritime Authority (DMA) issued several new regulations following on amendments to the pilotage act.

US Shippers, West Coast Dockworkers Union Resume Contract Talks

Negotiators for shipping lines and terminal operators at 29 U.S. West Coast ports resumed contract talks with the union for dockworkers on Thursday, as cargo backups continued at the ports,

 
 
Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators 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: 0.2237 sec (4 req/sec)