Rolls-Royce Marine H1 2013 Strong Revenue Increase
Revenue increased by 16%, reflecting OE volume from improvement in the Offshore sector, services growth in Offshore and Naval and foreign exchange benefits. However profit decreased by 8% due to adverse revenue mix, pricing pressures and warranty charges, partially offset by cost reduction and favourable foreign exchange. The order book increased 10% including an order intake of £1.7bn (£2.2bn in H1 2012). The decrease in new orders primarily reflects the UK Ministry of Defence £1.1bn order for submarine reactor core capability in H1 2012…
MAN Engines to Power Italian Luxury Cruise Ships
MAN Diesel & Turbo is to supply eight engines for the diesel-electric propulsion of two cruise ship newbuildings to Fincantieri Cantieri Navali Italiani S.p.A. The company is delivering the engines in cooperation with Alfa Laval who will supply accompanying exhaust-gas-treatment systems (PureSOx) for sulphur-oxide removal. Each cruise ship will be powered by two MAN 9L32/44CR and two MAN 12V32/44CR engines, providing a combined output of 23,520 kW in a diesel-electric propulsion arrangement.