New customer for Rolls-Royce in China
Rolls-Royce, the global power systems company, has won an order to design and equip two platform supply vessels being built by Jiangsu Eastern Heavy Industries in China.
Rolls-Royce, the global power systems company, has won an order to design and equip two platform supply vessels being built by Jiangsu Eastern Heavy Industries in China.
The order is worth £12m and will entail Rolls-Royce designing the vessels and also supplying an extensive range of onboard equipment, including main engines, propulsion system, thrusters, automation and control systems, deck machinery, bulk handling systems, rudders, steering gears and shaft generators.
Jiangsu Eastern Heavy Industries is a new customer for Rolls-Royce in the offshore market.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The vessels are due for delivery in 2014.
JH
-
UK inflation slowed again in March – but a rate cut could be some months away
The latest Consumer Price Index (CPI) data came in at 3.2% for March, taking us closer to the Bank of England’s 2% inflation target.
By Katie Williams Published
-
Pension vs property: which option provides the best income for your retirement?
News With the cost of a comfortable retirement on the rise, future retirees need to weigh up which strategy offers the best returns. But is a pension a better bet than property?
By Henry Sandercock Published