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Rolls-Royce Wins $163.2m Offshore Order

Maritime Activity Reports, Inc.

June 13, 2007

Rolls-Royce has won its largest ever offshore marine order worth $163.2m. It will deliver designs and equipment for six new Rolls-Royce UT Design offshore service vessels to OSM Schiffahrt, a joint venture between the Nordcapital Group in Germany and Norwegian ship management group OSM. OSM Schiffahrt also has options for a further six vessels. The vessels - designed by Rolls-Royce and incorporating a range of its marine equipment, including Bergen diesel engines, deck machinery, thrusters and dynamic positioning systems - will be built by Korean and Norwegian yards. Four UT 786 CD deep water anchor handlers will be built at the Sekwang shipyard for delivery in the second half of 2009. Two UT 776 CD platform supply vessels will be built at Aker Yards Brevik for delivery in 2009 and 2010.

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