Deals this week: Austal, Scorpio Tankers, Damen

7 December 2018 (Last Updated December 7th, 2018 11:57)

Austal has received a A$97.7m ($72m) contract from National Infrastructure Development Company (NIDCO) for the construction of a high-speed vehicle and passenger catamaran.

Austal has received a A$97.7m ($72m) contract from National Infrastructure Development Company (NIDCO) for the construction of a high-speed vehicle and passenger catamaran.

Austal is a global shipbuilding company, while NIDCO is owned by the Government of the Republic of Trinidad and Tobago.

The contract is the outcome of the Government of Trinidad and Tobago and NIDCO’s limited funded programme announced in September 2018.

The new 94m-long vessel, named AutoExpress, will be delivered to NIDCO by 2020. It will serve the islands of Trinidad and Tobago.

Scorpio Tankers has signed a $79.6m deal with unnamed third parties to purchase hybrid-ready design scrubbers for 52 of its vessels.

Headquartered in Monaco, Scorpio Tankers is a leading owner and operator in the tanker industry.

Scorpio Tankers will install scrubbers on 42 of the vessels in 2019, while installation on the remaining vessels will be completed in 2020.

The agreement also provides Scorpio Tankers with an option to buy scrubbers for an additional 28 vessels in 2020.

The agreements form part of Scorpio Tankers’ programme of installing exhaust gas cleaning systems across its vessel fleet.

“Scheduled for completion by 2020, the remediation works will allow the consortium to transform Bijela shipyard into a superyacht repair and refit facility in 12 months.”

Damen and Adriatic Marinas consortium has inked an agreement with the Government of Montenegro for operating the upgraded Bijela shipyard.

Scheduled for completion by 2020, the remediation works will allow the consortium to transform Bijela shipyard into a superyacht repair and refit facility in 12 months.

The consortium has been working with the government for converting Bijela shipyard since 2012.

More than 300 people are expected to return to the marine industry upon completion of the Bijela shipyard transformation.

Rolls-Royce Commercial Marine has received a contract worth Nkr300m ($35m) to supply propulsion systems for Grimaldi Group’s nine new roll-on-roll-off (Ro-Ro) vessels.

The new 238m-long Ro-Ro vessels, to be known as Grimaldi Green 5th Generation, will be constructed by Nanjing Jinling Shipyard in China.

Rolls-Royce will deliver the propulsion systems between 2019 and 2021.

The contract includes delivery of steering gears and the Promas system, which combines the propeller and rudder into a single system for optimising hydrodynamic efficiency.