ABB Wins Marine Orders Worth $45 Million
Energy-efficient propulsion and reliable power for six offshore vessels
Houston, Texas, June 2, 2009- ABB, the leading power and automation technology group, won orders worth around $45 million in the first quarter to supply six new vessels with electric propulsion systems, power systems and drilling drive systems at shipyards in South Korea and Japan.
ABB's electric propulsion systems are more efficient than traditional diesel mechanical solutions; they help customers optimize performance and save fuel while significantly reducing emissions. They also allow more flexible use of space on board.
ABB's Marine business supplies these environmentally friendly propulsion systems, as well as reliable, energy-efficient power and propulsion systems and global services for offshore drilling and support vessels.
The contracts include:
o An agreement with STX Norway Electro for deliveries to four oil-platform supply vessels to be built by Universal Shipbuilding Corporation in Japan for Sanco Shipping. ABB will supply electric propulsion systems that include transformers, variable-speed drives and electric motors.
o A contract to deliver power systems and drilling drives systems for two new drill ships to be built by Samsung Heavy Industries in South Korea for Schahin and Etesco. ABB will provide power systems, including generators and high-voltage distribution system, as well as electric drilling and propulsion drive systems.
"Now, more than ever, customers in all industries must optimize their performance to remain competitive," said Veli-Matti Reinikkala, head of ABB's Process Automation division. "These orders reinforce ABB's leading position in the market for electric propulsion and power supply to vessels serving the offshore oil and gas industry, and underscore our commitment to providing the solutions and services that enable our customers to operate efficiently."
ABB's Process Automation division delivers integrated solutions for control, plant optimization, and industry-specific application knowledge and services to help process industry customers worldwide meet their critical business needs in the areas of operational profitability, capital productivity, risk management and global responsibility. These industries include oil and gas, power, chemicals and pharmaceuticals, pulp and paper, metals, minerals, marine and turbocharging.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 120,000 people.
