Rolls-Royce wins order for offshore vessels
Power systems group Rolls-Royce has won an order to design and equip four offshore supply vessels in China for COSCO (Guangdon) Shipyard Co.
Power systems group Rolls-Royce has won an order to design and equip four offshore supply vessels in China for COSCO (Guangdon) Shipyard Co.
The four UT 771 CDL vessels will be equipped for transporting pipes, equipment and cargo to and from pipe-laying barges, oil drilling and production platforms. The contract is worth £24m to Rolls-Royce.
"We are very pleased to sign our first contract with COSCO and we look forward to working closely with them. These vessels are complex, highly efficient and designed to meet specific challenges faced by the offshore industry," said Jrn Heltne, Rolls-Royce's Senior Vice President of Ship Technology.
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 contract is scheduled for delivery in 2014 and includes options to build an additional six identical vessels.
BC
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.
-
The five insurance policies you should have
Some insurance cover will be more important than others. We look at five insurance policies you may need to have to make sure you aren’t caught out in an emergency
-
Is Donald Trump putting the US dollar in danger?
Donald Trump's administration sees one of its greatest advantages – the US dollar – as a burden. Gold is the obvious beneficiary, says Cris Sholto Heaton.