Ferretti Group, Rolls-Royce extend MTU agreement
Ferretti Group will continue to use Rolls-Royce’s MTU yacht propulsion systems at least through to the end of 2027.
Andreas Schell, CEO of Rolls-Royce Power Systems, and Alberto Galassi, CEO of Ferretti Group
Ferretti Group is to continue to use Rolls-Royce MTU engines and propulsion systems to power its yachts, with the companies extending their framework agreement through 2027. Rolls-Royce’s MTU engines and propulsion systems are widely used by Ferretti Group, especially in its larger models.
Alberto Galassi, CEO of Ferretti Group, said: “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. This agreement also further increases the efficiency of our supply chain, with clear benefits for us and our customers.”
Andreas Schell, CEO of Rolls-Royce Power Systems, said: “Ferretti Group’s renewal of this framework agreement is a tremendous vote of confidence in us and in our MTU products, in a challenging market and a challenging technological environment.”
Ferretti Group said the internal combustion engine will be the power source of choice for applications – including yachts – that require maximum performance from a compact power pack, and will also have an important part to play during the move into sustainable boating. In 2024, a Ferretti Group yacht is scheduled to be built with an MTU hybrid propulsion system.
Moreover, by 2023, the MTU Series 2000 and 4000 yacht engines are scheduled to be approved to run on synthetic sustainable fuels complying with the EN15940 standard. These include fuels such as HVO (hydrotreated vegetable oil) and e-diesel.
Denise Kurtulus, Vice President of Global Marine at Rolls-Royce Power Systems, said: “Working together, we will meet the climate and environmental challenges that lie ahead.”
From 2024, Ferretti will be equipping smaller yachts with complete MTU NautiQ bridge systems developed together with bridge specialist Team Italia, with whom Rolls-Royce has a close partnership.