HOUSTON -- The United Arab Shipping Company has selected Dresser-Rand Company Limited, a subsidiary of Dresser-Rand Group Inc. (NYSE: DRC), to supply turbo-compound energy recovery power generation systems on board their new vessels being built by Samsung Heavy Industries of Korea .
As previously reported, Dresser-Rand booked an order in October 2009 comprising nine steam turbine generator sets. The equipment will be manufactured at the Company's Peterborough facility in the United Kingdom, which was acquired in 2008. Deliveries are expected to begin during the second quarter of 2010. The award was for approximately $28 million.
The recovery of waste heat from the main engine exhaust gases will be used to generate nearly 7.5 MW of electric power in a turbo-generator set to feed the ship's internal power consumers, such as lighting and power supply for refrigerated cargo, and/or to boost the ship's propulsion power.
This system and the recovery of waste heat will increase the overall efficiency of the ship's power plant, hence reducing main engine fuel consumption and reducing operating times on auxiliary diesel power generation units. This will also help to preserve the environment by substantially lowering the ship's overall exhaust gas emissions.
"We're very pleased that UASC has selected Dresser-Rand to supply UASC's A13 project with critical rotating equipment as part of its initiative to save fuel and reduce its exhaust emissions," said Claude Cordery, Dresser-Rand's Vice President, Steam Turbine Business Unit. "This order is strategically important for a number of reasons. It represents a new, non-traditional market opportunity that is not tied to Oil and Gas infrastructure investment, but rather reflects the increasing importance of environmental solutions to our overall business strategy by building on Peterborough's history of innovative solutions for the marine market. We believe that we are well positioned to participate in this growing market going forward."
About Dresser-Rand
Dresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. The Company operates manufacturing facilities in the United States, France, United Kingdom, Germany, Norway, India, and China, and maintains a network of 35 service and support centers covering more than 140 countries.
About United Arab Shipping Company
UASC (United Arab Shipping Company) is the largest Middle East based ocean carriers of containerized cargo and for over thirty two years has served the Middle East and other global markets. UASC has earned its market leadership by being one of the most prominent carriers both in terms of liner cargo as well as port coverage. UASC currently operates a fleet of 48 fully cellular container vessels.
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