Wednesday, 10 September 2014

Rolls-Royce has won a contract to install its efficient Promas Lite propulsion system on two vessels for ferry operator Finnlines. Promas Lite is an integrated propeller and rudder system that increases efficiency and is designed specifically for retrofitting to existing ships.

These will be the fifth and sixth Finnlines vessels to feature Promas Lite, following a contract for four shipsets earlier this year.

Finnlines, part of the Grimaldi Group, has worked with Rolls-Royce on a number of re-blading projects in recent years, and it is efficiency gains and fuel savings that have been proven by that work that have led to this latest order.

Emanuele Grimaldi, President and CEO, Finnlines, said: "Environmental compliance and cost efficient operations are key factors in the success of Finnlines. The installation of the Promas Lite systems on our modern ro-ro vessels is a major step in the implementation of our strategy. The extensive experience that Rolls-Royce has in this area, together with the retrofit services the companies can provide, will greatly help us during the engineering and installation phases of this programme."

Andrew Marsh, Rolls-Royce , President - Services said: "We have been delighted to work together with Finnlines to bring the first installation of Promas Lite into the Baltic Sea. We value the strong relationship that we hold with Finnlines, and they are a key component of our growing presence in the area.

"Not only will Finnlines achieve a reduction in fuel consumption, but we are also delighted to play a part in lowering their NOx emissions, creating a healthier and greener environment at sea."

About Rolls-Royce Holdings plc
  1. Rolls-Royce 's vision is to create better power for a changing world via two main business segments, Aerospace and Marine & Industrial Power Systems (MIPS). These business segments address markets with two strong technology platforms, gas turbines and reciprocating engines, for use on land, at sea and in the air.
  2. Aerospace comprises Civil Aerospace and Defence Aerospace. MIPS comprises Marine, Nuclear & Energy and Power Systems (RRPS). On 6 May 2014 Rolls-Royce announced it had signed an agreement to sell its Energy gas turbine and compressor business to Siemens for a £785m cash consideration. On completion, expected before the end of December 2014, Rolls-Royce will receive a further £200 million for a 25 year licensing agreement.
  3. Rolls-Royce has customers in more than 120 countries, comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers, including 70 navies, and 1,600 energy and nuclear customers.
  4. Our business is focused on the 4Cs:
    • Customer - placing the customer at the heart of our business
    • Concentration - deciding where to grow and where not to
    • Cost - continually looking to increase efficiency
    • Cash - improving financial performance.
  5. Annual underlying revenue was £15.5 billion in 2013, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £70.4 billion at 30 June 2014.
  6. In 2013, Rolls-Royce invested £1.1 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
  7. Rolls-Royce employs over 55,000 people in 45 countries. Over 17,000 of these are engineers.
  8. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2013 we employed 379 graduates and 288 apprentices through our worldwide training programmes. Globally we have over 1,000 Rolls-Royce STEM ambassadors who are actively involved in education programmes and activities; we have set ourselves a target to reach 6 million people through our STEM outreach activities by 2020.

For further information, please contact:

Anette Bonnevie Wollebæk
Senior Communications Manager - Marine, Nordic Region
Mobile: +47 976 70 882
Email: abw@rolls-royce.com

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