Parsons Marine Steam Turbine Company company. In 1944, Parsons was one of 19 companies which formed the 'Parsons and Marine Engineering Turbine Research and Development Association', usually known as Pametrada. The last ship to use a Parsons propulsion system was launched in 1964. The company was absorbed into C. A. Parsons and Company and survives in the Heaton area of Newcastle as part of Siemens, a German industrial conglomerate. Parsons Marine Steam Turbine Company Parsons Marine Steam Turbine Company was a British engineering company based in Wallsend, North East England, on the River Tyne. The company was founded by Charles Algernon Parsons in 1897 with
Steamship 10% market share in newbuildings in 2013. Lately, there has been some development in hybrid power plants where the steam turbine is used together with gas engines. As of August 2017 the newest class of Steam Turbine ships are the "Seri Camellia"-class LNG carriers built by Hyundai Heavy Industries (HHI) starting in 2016 and comprising five units. Nuclear powered ships are basically steam turbine vessels. The boiler is heated, not by heat of combustion, but by the heat generated by nuclear reactor. Most atomic-powered ships today are either aircraft carriers or submarines. Steamship A steamship, often referred to as a