By Giulia Petroni

ABB Ltd. said Wednesday that it has won a contract with shipbuilding company Guangzhou Shipyard International Co. Ltd to supply integrated solutions for P&O Ferries' two new vessels.

The Swiss engineering company said the solutions will cut fuel consumption on the Dover-Calais route by 40%. The 230-meter-long vessels will be the largest passenger and freight ferries to sail the route once they start service in 2023.

ABB didn't disclose the financial terms of the contract.

P&O Ferries is a British company operating ferries from the U.K. to Ireland and Continental Europe.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

September 23, 2020 04:54 ET (08:54 GMT)

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