Dresser-Rand Selected Supplies UA Shipping Co.
The United Arab Shipping Company has selected Dresser-Rand Company Limited, a subsidiary of Dresser-Rand Group Inc. (DRC) (NYSE:DRC) , to supply turbo-compound energy recovery power gen6eration systems on board their new vessels being built by Samsung Heavy Industries (010140.KS) of Korea .
As previously reported, Dresser-Rand booked an order in October 2009 comprising nine steam turbine generator sets. The equipment will be manufactured at the Company's Peterborough facility in the United Kingdom, which was acquired in 2008. Deliveries are expected to begin during the second quarter of 2010. The award was for approximately $28m.
The recovery of waste heat from the main engine exhaust gases will be used to generate nearly 7.5 MW of electric power in a turbo-generator set to feed the ship's internal power consumers, such as lighting and power supply for refrigerated cargo, and/or to boost the ship's propulsion power.
This system and the recovery of waste heat will increase the overall efficiency of the ship's power plant, hence reducing main engine fuel consumption and reducing operating times on auxiliary diesel power generation units. This will also help to preserve the environment by substantially lowering the ship's overall exhaust gas emissions.