Rolls-Royce: stock steams ahead on propulsion pack order
(CercleFinance.com) - Rolls-Royce has received an order from the Spanish shipyard Armon to supply 9 mtu hybrid propulsion units for nine new ships of Italy's leading fast passenger shipping company, Liberty Lines.
The contract was officially signed at the SMM international shipping exhibition in Hamburg. The ships are scheduled to enter service between 2023 and 2026. The construction of nine additional ships, as an option, is planned for delivery between 2027 and 2030.
The concept of these fast ferries with sustainable hybrid propulsion systems was developed in collaboration with Liberty Lines, the Armon shipyard, Rolls-Royce Power Systems, the Italian ship classification society RINA and the Australian design office Incat Crowther.
Rolls Royce shares are up over 2% in early afternoon trading today, steaming ahead of a very flat market in London.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The contract was officially signed at the SMM international shipping exhibition in Hamburg. The ships are scheduled to enter service between 2023 and 2026. The construction of nine additional ships, as an option, is planned for delivery between 2027 and 2030.
The concept of these fast ferries with sustainable hybrid propulsion systems was developed in collaboration with Liberty Lines, the Armon shipyard, Rolls-Royce Power Systems, the Italian ship classification society RINA and the Australian design office Incat Crowther.
Rolls Royce shares are up over 2% in early afternoon trading today, steaming ahead of a very flat market in London.
Copyright (c) 2022 CercleFinance.com. All rights reserved.