Rolls-Royce and Ferretti Group extend frame agreement for mtu yacht propulsion systems until the end of 2027
Posted on September 22, 2022
- “A tremendous vote of confidence in a challenging market”
Ferretti Group, world luxury yacht manufacturer leader, is to continue to use Rolls-Royce mtu engines and propulsion systems to power its luxury yachts. The two partners signed the extension of their corresponding frame agreement at this year's Cannes Yachting Festival.
Rolls-Royce's mtu engines and propulsion systems have been deployed by Ferretti Group, especially in its larger motor yachts. Their power delivery, reliability and fuel efficiency have earned them a permanent place in the engine rooms of Ferretti yachts.
“Ferretti Group's renewal of this frame agreement is a tremendous vote of confidence in us and our mtu products in a challenging market and a challenging technological environment,” said Andreas Schell, CEO of Rolls-Royce Power Systems.
“Working together, we will also meet the climate challenges and environmental challenges that lie ahead,” assured Denise Kurtulus, Vice President of Global Marine at Rolls-Royce's Power Systems division. For the foreseeable future, the internal combustion engine will be the power source of choice for applications – including yachts – which require maximum performance from a compact power pack and will have an important part to play as we move into a world of sustainable shipping. In 2024, a Ferretti Group’s yacht is scheduled to be built with an mtu hybrid propulsion system. Moreover, 2023 will see the mtu Series 2000 and 4000 yacht engines being approved to run on synthetic sustainable fuels complying with the EN15940 standard. These include fuels such as HVO (hydrotreated vegetable oil) and e-diesel.
"I am extremely happy to announce the renewal of the agreement with Rolls-Royce for mtu products and solutions. The five-year term is crucial, because it offers the guarantee that supplies are always available and prices are sheltered from market swings”, said Alberto Galassi, CEO of Ferretti Group. "This agreement also further increases the efficiency of our supply chain, with clear benefits for us and our customers."
In future, Rolls-Royce will be supplying more than its mtu Series 2000 and 4000 to the Ferretti Group. From 2024, Ferretti will also be equipping smaller production yachts with complete mtu NautiQ bridge systems developed together with bridge specialist Team Italia with whom Rolls-Royce has agreed a close partnership.
About Rolls-Royce Holdings plc
- Rolls-Royce pioneers the power that matters to connect, power and protect society. We have pledged to achieve net zero greenhouse gas emissions in our operations by 2030 (excluding product testing) and joined the UN Race to Zero campaign in 2020, affirming our ambition to play a fundamental role in enabling the sectors in which we operate achieve net zero carbon by 2050.
- Rolls-Royce Power Systems is headquartered in Friedrichshafen in southern Germany and employs around 9,000 people. The product portfolio includes mtu-brand high-speed engines and propulsion systems for ships, power generation, heavy land, rail and defence vehicles and for the oil and gas industry as well as diesel and gas systems and battery containers for mission critical, standby and continuous power, combined generation of heat and power, and microgrids and is intensively engaged in the development of climate-neutral solutions.
- Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces and navies, and more than 5,000 power and nuclear customers.
- Annual underlying revenue was £10.95 billion in 2021, underlying operating profit was £414m and we invested £1.18 billion on research and development. We also support a global network of 28 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
- Rolls-Royce Holdings plc is a publicly traded company (LSE:RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69).