Rolls-Royce considers selling distressed maritime division

Rolls-Royce is ready to sell its distressed marine division, which supplies engines and technology for autonomous vesssels. This is part of a major restructuring of the UK group.

Photo: Rolls Royce PR

UK group Rolls-Royce is considering selling its marine division as part of a larger restructuring of its activities.

The marine division produces engines and management systems for merchant vessels, but has been impacted by the downturn in shipping and oil. Therefore, Rolls-Royce is examining investment possibilities.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

Further reading

Related articles

Latest news

See all jobs