Rolls-Royce wins Norwegian contract
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.
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.
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 share price rose 0.62% to 814.50p by 16:26.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published