Austal signs two new contracts

AFTER the recent delivery of its vessel True North, Austal has confirmed the signing of two new contracts for the construction of similar vessels to be configured for private and charter use. The contracts are both subject to conditions, which should be fulfilled in the near future, the shipbuilder said. With a combined contract value in excess of $30 million, the vessels will both be delivered within 19 months, Austal said. Both vessels will be built by the Austal-Image shipyard that specialises in this market segment. Austal chairman John Rothwell told the market the contracts followed a detailed design and development period with the ability to reference the 50 metre True North providing a significant competitive advantage. “Securing these contracts brings the total number of recreational vessels built for private and corporate operators to 13, making Austal-Image a leader in this category,” he said.

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