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May 30, 2001
Rolls-Royce buys INTERING
Rolls-Royce plc, today announced it had acquired INTERING GmbH of Germany for an undisclosed sum.
As well asits well-known tank stabilizers, INTERING's portfolio includes:
- Anti-heeling stabilizers, designed to work while ships are stationary,securing horizontal ramps for fast loading and discharging.
- The INTERING Stability Test System, a stability measuring system, improving both safety and payload
- The INTERING Parametric Roll Preventer, launched last year for large container and cruise vessels, protecting cargo and passengers.
Rolls-Royce says the acquisition is a "good strategic fit" and makes it the only company able to offer tank stabilizers and fin stabilizers, separately or as a combined package.
Saul Lanyado, president - marine for Rolls-Royce, said: "We can offer a broader range of stabilizer solutions than our competitors, using our control systems capabilities to maximize effectiveness. We intend to develop the INTERING business, using the global network of Rolls- Royce sales and marketing teams to increase sales success."
Hamburg-based INTERING was formed in 1969 and employs 30 people. Its products are in service with more than 600 ships and its sales last year were worth about $4.5 million.
Army throws FGH a lifeline
Friede Goldman Halter, Inc. (said earlier this week that it had been notified by the offices of Senator Trent Lott (R-MS) and Senator Thad Cochran (R-MS) that its Halter Marine, Inc.unit has been awarded a contract from the U.S. Army Tank and Automotive Command (TACOM) for the detailed design and construction of a Logistic Support Vessel (LSV).
The contract includes provisions for spare parts, technical services, and options to build two additional LSVs.
The total value of the base contract is $26.9 million, and could be worth upwards of $78 million once the options are exercised.
Engineering and construction at the company's Halter Moss Point shipyard in Escatawpa, MS are scheduled to take about two years to complete. This project is expected to create approximately 75 new jobs at that yard.
The 313-foot LSV class vessels will have a beam of 60 feet and a molded depth of 19 feet. They are designed to carry over 2,000 tons of deck cargo, and will be designed and built to ABS requirements.".
"We are extremely pleased that the U.S. Army has chosen Halter for this very significant program,'' said COO Anil Raj, Chief Operating Officer of Friede Goldman Halter. "The government conducted a detailed review of our financial and technical capabilities before making this award. We appreciate the government's continued confidence in Halter's capabilities."
Halter has successfully completed numerous U.S. Army programs such as the Landing Craft Utility (LCU), the Large Tug (LT), and has already built all six (6) of the LSV's currently in the Army's fleet.
The newly constructed LSVs will be based in Hawaii and Baltimore, Maryland.
"Contracts such as this one and the recent letter of intent for a Supply Vessel contract are important reinforcements of the fact that governments and commercial concerns alike still maintain their confidence in our ability, and in our people,'' Raj continued. ``With the exception of the Petrodrill program where we had not choice but to curtail our losses, work on our other projects continues, and negotiations continue to secure even more work in each of our segments. In the recent past, we have delivered two Power-Generation Barges, an Expeditionary Series yacht, and the world's largest SWATH-hull vessel. I am also really proud of the fortitude with which our employees have dedicated themselves during the reorganization.''