Rolls-Royce wins £50m contract

4th Aug 2011 09:30

Global power systems company Rolls-Royce has won a £50m contract to design and equip two anchor handling vessels for Norwegian company Farstad Shipping.The vessels will be built at STX OSV Langsten yard in Norway, with delivery between April and June 2013.The order includes a fully integrated equipment system from Rolls-Royce, including deck machinery, vessel control systems and a diesel-electric hybrid propulsion system. This will be fitted on both vessels to maximise efficiency, reduce fuel burn and cut emissions.The Rolls-Royce UT 731 CD vessels are designed to work in extreme environmental conditions and carry out operations in water as deep as 3,000 metres.Atle Gaasø, general manager of offshore service vessel sales, said: "Rolls-Royce support vessels are equipped to meet the future challenges of deepwater offshore operations."More than 650 Rolls-Royce designed UT vessels are already in service or under construction around the world.The share price was 0.3% lower to 623p at 09:55.NR