Austal Limited (AU:ASB) has released an update.
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Austal Limited has secured a contract to build a 66.8 metre wind-powered cargo trimaran for Vela Transport, valued between A$40–$45 million. This innovative vessel, expected to reduce greenhouse gas emissions by 99% compared to traditional ships, is set for delivery by mid-2026. The project showcases Austal’s leadership in trimaran design and commitment to sustainable maritime transport.
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