Austal Delivers Second High Speed Catamaran Ferry

Milan - Austal announced it has delivered a second high speed catamaran ferry to the Abu Dhabi National Oil Company (ADNOC). The contract for two 45 metre catamaran ferries was awarded in April 2014 and valued at approximately $30 million, with the vessel constructed at Austal’s Philippines shipyard.

Austal Chief Executive Officer Andrew Bellamy said the delivery of the second vessel further reinforces Austal’s position to compete in this growth market. “As this delivery demonstrates, Austal has the right production cost base in the Philippines to compete for commercial vessel contracts and successfully leverage our intellectual property with a proven design,” Mr Bellamy said.

“The capacity and efficiency of our Philippines shipyard proves we are able to meet market demand for this type of vessel. We continue to pursue further opportunities in the Middle East and the energy sector.” Austal is also building a 57.6m high speed catamaran crew boat for an undisclosed operator based in S.E Asia, for USD$20 million (approximately $26 million) at its Philippines shipyard.