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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Rolls-Royce Holding PLC    RR.   GB00B63H8491

Delayed Quote. Delayed  - 10/21 05:35:21 pm
755 GBp   -1.44%
10/21 ROLLS ROYCE : to power New York's newest luxury ferry
10/20 ROLLS ROYCE : to power New York’s newest luxury ferry
10/20 ROLLS-ROYCE HOL : Spin off
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Rolls Royce : to power New York's newest luxury ferry

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10/21/2016 | 12:09pm CEST

Rolls-Royce has won a contract to supply power and propulsion to New York's newest and largest high-speed luxury ferry.

The catamaran, operated by New Jersey based Seastreak, will carry up to 600 passengers between Monmouth County, New Jersey and Wall Street in less than 40 minutes at a top speed of 35 knots.

Power comes from four high-speed MTU diesel engines type 12V 4000 M64 from Rolls-Royce. The engines will be EPA Tier III compliant and offer the lowest emissions on the market. The four engines will drive four Rolls-Royce Kamewa 63S4 waterjets, providing both reliability and redundancy.

This new vessel, together with improvements to three Seastreak-class vessels, will require the investment of more than $24 million dollars.

Seastreak's President, James A. Barker, said: "These investments reflect our continuing commitment to our customers, and ensures that they will enjoy a modern, reliable and comfortable ferry fleet for many years to come."

Tor-Gunnar Hovig, Rolls-Royce, Senior Vice President Offshore & Merchant Solutions North America, said: "The combination of Rolls-Royce Kamewa waterjets and MTU high-speed diesel engines will help Seastreak transport thousands of customers every day economically, reliably and sustainably. We're delighted that Seastreak has not only selected Rolls-Royce technology for their newest vessel but also to repower three of their existing fleet."

The new ferry will include the latest in luxury seating, panoramic windows, beautiful interior design featuring all-LED lighting, flat screen TVs viewable from any seat, multiple dedicated charging stations, Wi-Fi, and high-tech HVAC systems.

The passenger seating arrangement will consist of 520 interior seats with an additional 206 exterior seats located on the second and third deck.

To be known as the Commodore class, the craft is being designed by Incat-Crowther of Sydney, Australia, and will be built at Gulf Craft, La. It is expected to be delivered in 2017. When delivered it will be the highest passenger capacity USCG K-class high-speed ferry in the United States.

In addition, three Seastreak class vessels (Highlands, New York and New Jersey) will be upgraded and repowered with Rolls-Royce equipment over the next several years. This will start with the Seastreak New York this winter. Seastreak plans to upgrade and repower one vessel per year each winter.

All three vessels will be refitted with modern Tier 3 MTU 16V 4000 M64 engines driving Rolls-Royce waterjets. This new engine and jet configuration will not only be cleaner burning, and better for the environment, but will also remove approximately 20 tons of weight, helping greatly with speed, and efficiency.

The upgrades will also involve new custom seating, windows, and carpeting, as well as other mechanical upgrades.

About Rolls-Royce Holdings plc

Rolls-Royce's vision is to be the market-leader in high performance power systems where our engineering expertise, global reach and deep industry knowledge deliver outstanding customer relationships and solutions. We operate across five businesses: Civil Aerospace, Defence Aerospace, Marine, Nuclear and Power Systems.

Rolls-Royce has customers in more than 120 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.

We have three common themes across all our businesses:

- Investing in and developing engineering excellence

- Driving a manufacturing and supply chain transformation which will embed operational excellence in lean, lower-cost facilities and processes

- Leveraging our installed base, product knowledge and engineering capabilities to provide customers with outstanding service through which we can capture aftermarket value long into the future.

Annual underlying revenue was 13.4 billion in 2015, around half of which came from the provision of aftermarket services. The firm and announced order book stood at 76.4 billion at the end of 2015.

In 2015, Rolls-Royce invested 1.2 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.

Rolls-Royce employs over 50,000 people in more than 46 countries. Nearly 15,700 of these are engineers.

The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2015 we employed 228 graduates and 277 apprentices through our worldwide training programmes.

About Seastreak

New Jersey based Seastreak is the premier fast passenger ferry service in the New York metropolitan area. We proudly offer highspeed catamaran ferry services to points in Manhattan, Central New Jersey, Nantucket, Martha's Vineyard, and more with a fleet of robust vessels. In addition to commuter services to and from Manhattan and New Jersey, Seastreak offers an array of entertaining cruises and tours, daytrips, and getaways year round. Seastreak also operates seasonal ferry services between New Bedford, Massachusetts, Martha's Vineyard and Nantucket.


(c) 2016 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials ( GBP)
Sales 2016 13 469 M
EBIT 2016 756 M
Net income 2016 414 M
Debt 2016 805 M
Yield 2016 1,78%
P/E ratio 2016 37,89
P/E ratio 2017 25,38
EV / Sales 2016 1,09x
EV / Sales 2017 1,06x
Capitalization 13 883 M
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Rolls-Royce Holding PLC Technical Analysis Chart | RR. | GB00B63H8491 | 4-Traders
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Mean consensus UNDERPERFORM
Number of Analysts 24
Average target price 6,45  GBP
Spread / Average Target -15%
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David Warren Arthur East Chief Executive Officer & Director
Colin Peter Smith Group President & Director
Ian Edward Lamert Davis Chairman
Simon Neil Kirby Chief Operating Officer
David Miles Smith Chief Financial Officer & Director
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