Rolls-Royce Lands Work on Island Offshore’s New OSV

Business & Finance

October 8, 2014

Rolls-Royce has won a $11.2 million (£7 million) order to provide design, integrated power and propulsion systems and equipment for an offshore service vessel for Norwegian ship owner Island Offshore.

The offshore service vessel will be built at VARD shipyard in Brevik, Norway and is due for delivery in January 2016.

In March this year Island Offshore placed an order for two Rolls-Royce designed vessels, due for delivery in 2015 from the same shipyard.

The latest Rolls-Royce designed offshore support vessel will encompass an integrated power and propulsion system incorporating main engines, reduction gears, controllable pitch propellers, bow and stern thrusters, steering gears, deck machinery, dry bulk system and an automation and control system.

Jørn Heltne, Rolls-Royce, Senior Vice President – Sales, Ship Design & Systems, said: “We are honoured and delighted to announce this contract, the fifth this year with Island Offshore, and look forward to the continuation of a long lasting relationship with both Island Offshore and the VARD Group.”

Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, has secured a new contract with Island Offshore for the construction of one offshore support vessel. The total value of the contract is close to NOK 300 million ($46 million).

Related: VARD to Build Offshore Support Vessel for Island Offshore

Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, has secured a new contract with Island Offshore for the construction of one offshore support vessel of Rolls-Royce design.

The value of the contract is in excess of NOK 1 billion. Delivery is scheduled from Vard Brevik in Norway in 2Q 2016. The hull of the vessel will be delivered from Vard Tulcea in Romania.

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Press Release, October 08, 2014