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August 24, 2017

AUSTAL WINS 5TH COMMERCIAL FERRY ORDER FOR PHILIPPINES SHIPYARD IN 12 MONTHS

 

COMPANY ANNOUNCEMENT

24 AUGUST 2017

AUSTAL WINS 5TH COMMERCIAL FERRY ORDER FOR PHILIPPINES SHIPYARD IN 12 MONTHS

 

Austal Limited (ASX: ASB) is pleased to announce the fifth high-speed commercial ferry order for Austal Philippines in just over 12 months.

VS Ferries Corporation of Samar in The Philippines has awarded a A$5.5million contract to Austal for the construction of a 30 metre all-aluminium catamaran, designed by Incat Crowther.

Announcing the contract, Austal Chief Executive Officer David Singleton thanked VS Ferries Corporation Chairman, Mr Sidney Zosa and highlighted Austal’s competitiveness in the international high-speed commercial vessel market.

“Austal’s reputation for building high speed commercial vessels, over the past 30 years, is second to none and this latest contract from VS Ferries reflects that confidence in our proven shipbuilding capabilities.

“In just 5 years of operation, Austal Philippines has delivered 13 vessels and established a highly efficient workforce, utilising advanced, modular shipbuilding techniques developed right here in Australia,” Mr Singleton said.

“Our innovative production processes and new focus on ‘producability’ is delivering a genuine competitive advantage across our shipyards and achieving real savings for our operations and customers,” he added.

Construction of the new ferry, with capacity to carry up to 300 passengers at speeds of up to 25 knots, will commence in September 2017, with delivery scheduled for August 2018.

- ENDS -

 

Further Information:

Contact:             Gemma Whiting - Government Relations Manager

Mobile:              +61 (0)408 982 726

Email:                gemma.whiting@austal.com

 

Further Information

Contact: Austal
Phone: 61 8 9410 1111
Fax: 61 8 9410 2564
Email: media@austal.com

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