Engine developer Rolls-Royce has won two contracts to design and equip seven vessels for a Brazilian ship-owning company.
Navegao So Miguel is calling upon the UK company's services to fit out four oil spill recovery vessels and three bunker tankers, in a contract worth £23m to Rolls-Royce.
The oil spill response vessels will be equipped to prevent environmental damage from oil spills and have the capacity to transfer recovered oil for proper onshore disposal, while the bunker tankers will supply fuel to ships offshore.
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
All seven vessels will be equipped with advanced Rolls-Royce technology to support effective manuvering, cargo handling and safe operation. All vessels will be delivered before the end of 2014.
Anders Almestad, Rolls-Royce, President Offshore, said: "These vessels combine a proven Rolls-Royce design with a range of mission critical on-board technology, which has been specifically designed for the demanding deep-water oil and gas market. Our innovative technology will help to ensure that offshore companies can deliver their challenging operations safely."
jh
