Rolls-Royce Wins $150M Marine Contracts

Rolls-Royce has won ship design and equipment supply contracts for offshore service and cable-laying vessels, worth approximately $150 million over the last three months, including its biggest-ever commercial marine order. Dr. Saul Lanyado, President -- Marine, Rolls-Royce, said: "This is a significant step for Rolls-Royce. Development of the marine business is key to the future strategy of the group. These orders demonstrate a growing demand for specialist offshore vessels. We have a competitive edge in this market." The largest single order ever won by the commercial marine business of Rolls-Royce is from Aker Brattvaag, supplying ship designs and equipment for seven offshore service vessels, worth 33 million pounds. The three anchor-handling tug supply vessels and four platform supply vessels will be built at two Aker Brattvaag shipyards in Norway for Gulf Offshore, a subsidiary of the American company Gulf Mark Offshore Inc. Work starts later this year and is due for completion in 2003. Also included in the announcement is the largest contract yet for cable-laying vessels. Four ships will be built for US-based CS TyCom Reliance at the Keppel Hitachi shipyard in Singapore.