By Áine Quinn (Bloomberg) -- Rolls-Royce Holdings Plc has begun offering its own battery-powered ship engines in a move that signals the gathering momentum behind a push toward hybrid and ultimately all-electric vessels. While maritime demand for lithium-ion batteries is focused on providing top-up power for traditional diesel and gas-turbine ships, the technology could … [Read more...]
Kongsberg to Acquire Rolls-Royce’s Commercial Marine Business
Norwegian technology group Kongsberg has entered into an agreement to acquire Rolls-Royce's struggling commercial marine business in a GBP 500 million deal. The acquisition includes the marine products, systems and aftermarket services businesses of subsidiaries of Rolls-Royce Plc. "The sale includes propulsion, deck machinery, automation and control, a service network … [Read more...]
Rolls-Royce CEO Sets Ambitious Goals
by Sarah Young (Reuters) - Rolls-Royce said it would exceed its 2020 guidance as it announced new ambitious mid-term goals, sending its shares to four-year highs and reflecting investor faith that CEO Warren East can transform Britain’s best known engineering firm. The maker of engines for civil planes, military jets and ships has been in turnaround mode since 2015. … [Read more...]
Rolls-Royce and AXA Partner on Risk Management Products for Autonomous Shipping
Rolls-Royce and risk management firm AXA Corporate Solutions on Monday announced they have signed a Letter of Intent (LOI) to explore ways to jointly develop risk management products for autonomous shipping. Under the LOI, the company's will seek ways in which they can combine their respective products to bring a new offering to the marine market, utilising Rolls-Royce Ship … [Read more...]
Rolls-Royce to Upgrade Six Platform Supply Vessels with Battery Power
Rolls-Royce Commercial Marine has received an order to deliver battery-powered energy systems for six platform supply vessels owned by a joint venture involving U.S.-based SEACORE Marine and China Cosco Shipping Group. SEACOR Marine Holding announced earlier this month that they have entered a Joint Venture with China Cosco Shipping Group, called SEACOSCO, with the … [Read more...]