Media Release

Australian Shipbuilding Continues to be World-Class

The handover of an Australian-built fast catamaran to the United States Navy today marked another milestone in the development of Australia’s shipbuilding industry, Trade Minister Mark Vaile said from Hobart.

“The successful handover of the HSV2 Swift built by Incat Tasmania Pty Ltd will further enhance Australia’s already world-class reputation for the production of high-quality and technically demanding fast ferries,” Mr Vaile said.

“The delivery of this Incat vessel to the US Navy demonstrates the high regard in which Australian shipbuilders are held within the US armed forces and further builds on Australia’s reputation for the production of cutting-edge technologies and expertise.”

The contract to build the vessel, won last October, marked the third occasion Incat had been chosen to supply one of its craft to the US armed forces. Since 1996, the value of Australian ship exports, including fast ferries, has averaged around $600 million per annum.

“The successful performance of these vessels, together with the integration of amphibious and helicopter operations facilities, holds out the prospect of further orders from both the US armed forces and commercial operators,” Mr Vaile said.

“Importantly, Incat’s ongoing success in winning international contracts for its world-class, innovative products also delivers regional employment opportunities and provides a boost to economic activity in Tasmania.

“The Australian Government is a strong supporter of Australia’s shipbuilding industry, both through the Shipbuilding Innovation Scheme (SIS) and the Export Finance and Insurance Corporation (EFIC).

“The Tasmanian Liberal Senate team worked hard advocating the need for Australian Government support for this project.

“Australian shipbuilders should be confident that this country’s growing international reputation will enhance their competitive edge.”