Rolls-Royce has signed a new joint three-year service agreement with Siem and Subsea 7. It covers a total of 74 offshore vessels.

Under the agreement, Rolls-Royce will maintain and service all of the equipment it has delivered to the two companies’ offshore vessels.

»We believ[ds_preview]e we can save money by jointly entering into this kind of service agreement. We have a modern and technically advanced fleet that requires good follow-up throughout the vessels’ working lives«, said Steinar Sandberg, Siem Group, Head of Group Procurement.

At present, aftermarket services account for roughly 40 % of Rolls-Royce Marine’s revenues the company stated. Long-term agreements account for around a quarter of this. Rolls-Royce is now exploring digital opportunities to provide ship owners with a growing range of new and more effective service solutions. These include new types of services based on surveillance of ships’ operations and equipment from control centres located on shore. Rolls-Royce recently signed its first »power-by-the-hour« agreement with the Norwegian logistics and cargo company Nor Lines.