Austal wins another crew boat contract

JUNE 16, 2015 — Austal Limited (ASX:ASB) has secured a further offshore vessel contract. It covers the construction of one 57.6 m High Speed Catamaran Crew Boat for an undisclosed operator based in S.E. Asia, for USD$20 million.

The advanced, multi-task crew boat is capable of quickly and safely transfering 90 offshore personnel plus cargo at up to 40 knots and will be wholly constructed at Austal’s Philippines shipyard for delivery in the third quarter of 2016.

In addition to a 200 sq m cargo deck (allowing up to 100 tonnes of cargo to be transported), the vessel features DP2 Dynamic Positioning, allowing stable, heave-compensated walk-to-work transfer of personnel to offshore facilities.

The vessel also has search and rescue capability, with an on-board Fast Rescue Craft (FRC) available for launch quickly when necessary.

“This is the second offshore vessel contract secured by Austal within as many weeks; further reinforcing our position as a preferred partner in the global offshore vessel market,” said Austal CEO Andrew Bellamy. “With the recent announcement of a contract to deliver a 70 m Fast Crew Boat for Caspian Marine Services, this new contract further demonstrates Austal’s capability to develop effective, customized solutions for any offshore operational requirement.”