Subscribe to RSS feedRolls-Royce pays out on engine system faults
by
Steve Matthews, London
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last modified
Jan 25, 2010 09:05 AM
ROLLS-Royce has reached a settlement with Royal Caribbean Cruises over a dispute involving the engine supplier’s Mermaid pod propulsion system.
Rolls-Royce will pay RCCL about US$65m, which will appear in the cruise operator’s first quarter 2010 financial result.
The legal action involved problems with propulsion systems installed on four Celebrity Cruises ships in its Millennium class.
The quartet involved are...
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