Royal Caribbean, Rolls-Royce Pod Settlement

Wednesday, January 13, 2010

Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) and Rolls-Royce announced that they have reached a suitable and amicable resolution to the lawsuit regarding the Mermaid pod-propulsion system on Celebrity Cruises’ Millennium-class ships.
 
When they were first designed and implemented, podded propulsion was a significant technological advance over traditional shaft propulsion, but it experienced a number of technical issues in the early years of use. However, working together, Royal Caribbean and Rolls-Royce have been successful in improving the reliability of the design. Mermaid pods are installed on four Celebrity ships – Millennium, Summit, Infinity and Constellation.
 
The settlement will generate a net increase of approximately $65m in Other Income/(expense) in Royal Caribbean’s 2010 first quarter results.

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Propulsion

Xunlong Shenzhen Orders Dutch-designed Ferry

CoCo Yachts B.V. inks contract with Xunlong Shenzhen Ferry Company for one Coastal Cruiser 300 Xunlong Shenzhen Ferry Company has ordered a Coastal Cruiser 300 ferry from CoCo Yachts,

Lindner Sees Strong 2015

On the last day of what proved to be a busy Workboat show in New Orleans, Mikael Lindner, President, Scania North America, sat with Maritime Reporter & Engineering

Vane Brothers Orders Two Tugs from Chesapeake

Chesapeake Shipbuilding has signed a contract with Vane Brothers to build two new tugs, marking the 13th and 14th tugs that Chesapeake will have built for Vane Brothers in the last several years.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion 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: 0.2421 sec (4 req/sec)