Parsons Marine Steam Turbine Company 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 £500,000 of capital, and specialised in building the steam turbine engines that he had invented for naval use. The first ship to use a Parsons propulsion system was "Turbinia", launched in 1894; the successful demonstration of this vessel led to the creation of the company and the subsequent construction of the engines for the first two turbine-powered destroyers for the Navy, and , launched
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