Save the dates!

Which of the following will give shipowners the biggest headache in 2008?

Fuel costs
Crew shortages
Freight rates
Environmental regulations
Maritime security regulations

Marine Log

March 19, 2008

Trindad & Tobago picks Austal to build patrol craft

Trinidad & Tobago's National Security Minister, Senator Martin Joseph, says that Australia's Austal Ships has been selected for three contracts valued at $390.76 million.

The Minister on Tuesday told the Senate that Austal was asked "to construct, commission and deliver six fast patrol craft, provide planned maintenance services for a period of five years and provide training to the personnel of the Trinidad and Tobago Coast Guard. Of that sum, $312.66 million is allocated to the construction, commissioning and delivery of the six patrol craft."

Senator Joseph said, "The process began with the issuing of a Request for Proposal (RFP) on March 09, 2007 to eight manufacturers who indicated an interest in submitting proposals. These eight manufacturers were given a deadline date of April 20, 2007 for the submission of initial proposals and June 11, 2007, for the submission of final proposals. Final Proposals were submitted by seven manufacturers."

Senators heard that after a comprehensive review, the Evaluation Committee identified the Austal Ships' proposal as the most attractive and the one from which the country would get the best value for its money. The Ministerial Committee accepted the recommendations and forwarded them for the consideration and approval of Cabinet, which accepted the recommendations.

"Honorable Members may wish to note further," said Senator Joseph, "that Austal Ships PTY has a 17-year track record of designing, building and delivering high-performance ships and has, as clients, a number of other reputable international agencies including the Bermuda Police, the Ministry of Defence in Yemen, the Ministry of Interior in Kuwait and the Royal Australian Navy," Minister Joseph added. "With respect to financing arrangements, the vessels and associated services will be financed by the Australian and New Zealand Bank (ANZ) as well as by the Export Finance and Insurance Corporation (EFIC)--the Australian Government Export Credit Agency."


marine log logo

Save the dates!