Austal to Build Two High Speed Ferries for ADNOC

Austal Limited (Austal) has been awarded a contract from the Abu Dhabi National Oil Company (ADNOC) to design and construct two 45 metre high speed catamaran ferries.

The contract is valued at approximately $30 million.

The high speed ferries will be designed and constructed at Austal’s Philippines shipyard. Construction will commence in the current quarter, with both vessels expected to be delivered in 2015.

The high speed ferries will be used to transfer cargo, personnel, and equipment to ADNOC offshore oil and gas installations.

Austal Chief Executive Officer Andrew Bellamy said: “Given the subdued commercial ferry market, we have repositioned our commercial business to be more competitive and target sectors that will deliver value from the depth of knowledge Austal has in designing and constructing these vessels.”

“Expanding into the Philippines was a key step in increasing competitiveness and we have enhanced this through the ongoing transfer of technology to the shipyard.

“We also identified new and emerging markets such the Middle East and the energy sector as key targets to drive value from the shipyard, Mr Bellamy said.

Austal, April 9, 2014

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Eastern Mediterranean Offshore Conference and Exhibition (EMC) 2020

EMC 2020 conference will arm delegates with technical and commercial knowledge to capitalise…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >