Incat Tasmania has secured a contract to construct a 70m fast crew support vessel for operations in Azerbaijan’s Caspian Sea oil industry.
The order has been placed by Caspian Marine Services and the crew support vessel will be delivered through the Volga-Don Canal to the Caspian Sea.
INCAT chairman Robert Clifford said: "At 70 metres length and 30 knot speed we expect this will be the largest fast crew transport vessel operating in the global oil industry and INCAT envisage an expanding market for this type of vessel."
The company is expected to deliver the vessel in mid-September 2014.
INCAT said ordering of materials and equipment is in progress and construction of the ship will begin later in August 2013.
The company’s shipyard is situated on Prince of Wales Bay at Derwent Park near Hobart, Tasmania, and features over 70,000m² of undercover production halls and two dry-dock areas with a capacity to house about six vessels.