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Austal Secures New A$190m Ferry Contract

09 Oct 2017  |  09:52:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Austal secures new A$190 million ferry contract

Austal announced a contract, valued at A$190m to design and build two 117 metre high-speed vehicle passenger trimaran ferries for long term customer Fred Olsen S.A. of the Canary Islands, Spain. It led the world in designing large aluminium trimarans for the ferry industry to answer a desire for improved passenger comfort over traditional catamaran designs. The two new trimarans will each be capable of transporting over 1,100 passengers and up to 276 cars at speeds of up to 38 knots, with both commencing construction in 2018. The vessels are due for delivery in 29 and 36 months. The build location for the vessels will be announced separately.

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