Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Twice daily
MoneyWeek
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
Four times a week
Look After My Bills
Sign up to our free money-saving newsletter, filled with the latest news and expert advice to help you find the best tips and deals for managing your bills. Start saving today!
Power systems group Rolls-Royce has won a contract to supply liquefied natural gas (LNG) power and propulsion systems to two ferries being built in Norway.
The significance of the contract, with ship operator Fjord Line, is that it will be the first time ferries have been built with LNG engines, which substantially reduce harmful gas emissions.
The gas-only engines will reduce nitrogen oxide emissions by about 90% while sulphur oxide and particulates emissions will be "negligible".
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
Rolls-Royce General Sales Manager, Odd Magne Horgen, said: "These vessels will be the first international LNG-fuelled passenger vessels in operation and we are very pleased to be a part of this groundbreaking project."
Each of the vessels will have a deadweight of 4,000 tonnes and a length of 170 metres. They will have 309 cabins, and room for 1,500 passengers and 600 cars. They are due to begin a regular service between the west coast of Norway and Denmark in the summer of 2013.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Average UK house price reaches £300,000 for first time, Halifax saysWhile the average house price has topped £300k, regional disparities still remain, Halifax finds.
-
Barings Emerging Europe trust bounces back from Russia woesBarings Emerging Europe trust has added the Middle East and Africa to its mandate, delivering a strong recovery, says Max King
