AUSTAL PHILIPPINES LAUNCHES 109 METRE CATAMARAN FERRY

MEDIA RELEASE

12 FEBRUARY 2020

AUSTAL PHILIPPINES LAUNCHES 109 METRE CATAMARAN FERRY

Austal Limited (ASX:ASB) is pleased to announce that Austal Philippines has successfully launched Hull 419, a 109 metre high-speed catamaran ferry, from the company’s recently expanded Balamban shipyard in Cebu.

The vehicle-passenger ferry, to be known as FSTR, is the largest aluminium vessel ever launched in the Philippines – and the largest by volume ever constructed by Austal.

The vessel is now in the final stages of fit out, prior to delivery to Fjord Line of Norway in the 2^nd quarter of CY2020.

Austal Chief Executive Officer David Singleton said the launch of the ‘Auto Express 109’ catamaran was a significant milestone for Austal Philippines, as the first ship to be wholly constructed from the Balamban shipyard’s expanded production facilities, which were opened in July 2019.

“This impressive new ship for Fjord Line of Norway is the first of many large, high-speed commercial ferries to be constructed at our newly expanded shipyard in the Philippines. After Hull 419, we have Hull 395, a 118 metre trimaran under construction, which will be the longest high speed ferry to be constructed in the Philippines.

“We also have a 115 metre catamaran ferry scheduled for later this year – ensuring continuity of production at the Philippines shipyard well into the 2020s,” Mr Singleton said.

Hull 395, the ‘Banaderos Express’ for Fred. Olsen Express of the Canary Islands, is a 118 metre high-speed trimaran ferry and a sister ship to Bajamar Express, launched in Australia last week. Hull 423, a 115 metre high speed catamaran ferry to be known as Express 5, is a follow-up order from Molslinjen of Denmark and is scheduled to commence construction in Balamban in the third quarter of CY2020.

Austal Philippines President Wayne Murray celebrated the launch of Hull 419 by thanking the local shipbuilding team and acknowledging the outstanding capability of the Balamban shipyard – which now includes a 120 metre long assembly bay and multiple new fabrication bays.

“I am exceptionally proud of the entire Austal Philippines team. The launch of Hull 419 from our newly expanded shipyard is a significant event that highlights our capability to deliver multiple projects concurrently – safely and cost effectively,” Mr Murray said.

Fjord Line’s FSTR (Hull 419) is capable of transporting 1,200 passengers at up to 40 knots and features Austal’s largest ever vehicle-carrying capacity constructed to date, with a beam of 30.5 metres enabling 404 cars to be carried across two decks. The ship features several key design innovations that enhance operating performance and passenger comfort, including a new, optimised hull form that will minimise fuel consumption and wake wash when operating on the Skagerrak Sea between Hirtshals, Denmark and Kristiansand, Norway.

Austal Philippines has successfully launched Hull 419, a 109 metre high speed catamaran ferry for Fjord Line of Norway at the company’s Balamban, Cebu shipyard. (Images: Austal)

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Austal Media Contact:

Cameron Morse

+61 433 886 871

cameron.morse@fticonsulting.com