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Austal Announces to Deliver High Speed Catamaran to Brave Line

13 Mar 2019  |  20:18:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Austal Delivers High Speed Catamaran to Brave Line

Austal announced that it has delivered a 50 metre high-speed catamaran to Brave Line under the Company's first commercial contract award to a Taiwan enterprise. The Company updated that the catamaran is the first of two 550 passenger vessels being constructed at the Company's Philippines shipyard in Balamban, Cebu. As reported, the contract was awarded to the Company by Taiwan's Brave Line in September 2017. The vessels include an optimised hull form for improved fuel efficiency and passenger comfort. The Company further updated that its continued investment in the Philippines is a direct result from the increasing efficiency and high-quality production of the vessels being produced.

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