Rolls-Royce to design four PSVs for Hyundai Mipo

18 March 2012 (Last Updated March 18th, 2012 18:30)

Rolls-Royce has secured a £45m order from South Korean shipbuilder Hyundai Mipo Dockyard to design and equip four deepwater platform supply vessels (PSVs) with an option for two more similar vessels.

Rolls-Royce has secured a £45m order from South Korean shipbuilder Hyundai Mipo Dockyard to design and equip four deepwater platform supply vessels (PSVs) with an option for two more similar vessels.

The vessels will be built to the UT 776 CD PSV design and will be used to supply equipment and services to deepwater oil and gas platforms.

Rolls-Royce senior vice president for ship technology offshore Jørn Heltne said that the company’s UT design is suitable for the deep water offshore oil and gas sector that combines improved ship design with marine technology.

"This latest order develops our long term relationship with Hyundai as a builder of these advanced vessels, designed to operate safely in the most challenging conditions," Heltne said.

The 4,400t, 97m long PSVs will feature a Rolls-Royce equipment package that includes a diesel-electric propulsion system for improved fuel efficiency and lower emissions when operating at reduced power levels.

According to the company the propulsion system will meet current Clean Design standards, that through the design of the vessel, will help reduce emissions to sea and air.

The vessels will be built at Hyundai’s Ulsan shipyard in South Korea which are scheduled to be delivered in 2013 and 2014.

In December last year, the company won a £10 m order to design and equip two offshore supply vessels for ship owner Gulf Offshore North Sea.

The two vessels will be built to the UT755 XL design at the Rosetti Marino shipyard in Ravenna, Italy, and were scheduled to be delivered in 2013 and 2014.