Austal signs $44m Brave Line venture in Taiwan

Austal signs deal in Taiwan

Austal has been awarded its first commercial contract in Taiwan, valued at $44 million.

The contract is for two 550 passenger, 50 meter high-speed catamarans, designed and built by Austal for Taiwan’s Brave Line.

The contract includes an option for a third vessel of the same design.

“I’m delighted to welcome Brave Line as a valued customer of Austal,” said Austal vice president of sales and marketing, Ben Marland.

“This contract builds on the continuing evolution of our fast ferry portfolio and reaffirms Austal’s position as international market leader for the quality of the vessels we design and build.”

The Brave Line catamarans will be designed by Austal in Australia and built at Austal’s shipyard in the Philippines.

The shipyard has delivered 10 vessels for five international customers during the last five years.

“Eighty per cent of the ships we build are for export with the design work centred at our Henderson facility,” Austal CEO David Singleton said

“Our 100-plus strong design team, the largest in Australia, is continuing to produce sophisticated designs that deliver against challenging customer requirements.”

Austal has previously indicated continuing strength in the worldwide ferry industry.

The company recently announced its intention to expand capacity in this shipyard through a US$30 million (A$37.48 million) investment in new infrastructure.

An expansion is intended to cater for an increase in new orders already achieved with further orders expected in the next 12 months.