Rolls-Royce wins Norwegian contract

30th Mar 2012 14:22

Rolls-Royce, the global power systems company, has won a contract to design and equip advanced offshore anchor handling vessels for Norwegian ship owner Farstad Shipping.The £50m contract will see Rolls-Royce produce two of the machines which are designed and equipped to handle anchors for oil rigs, tow rigs to location and also serve as supply vessels. They can operate in extreme climatic conditions and ultra deep waters, undertaking precise rig manoeuvring operations in water up to 3,000 metres deep, the firm said. The share price rose 0.62% to 814.50p by 16:26. NR