Austal Limited (ASX:ASB) has delivered a 50 metre high-speed passenger ferry to Seaspoville, marking its first ever delivery to South Korea.
The Australian Shipbuilder's $16 million all aluminum catamaran, known as Seastar 11 was formally requested in a contract in June 2016.
It’s also the 13th vessel it constructed at its Philippines shipyard in the last 5 years.
The company says the contract proves it’s a world leader in the internationally competitive commercial vessel market.
Shares in Austal Limited (ASX:ASB) are 0.85 per cent higher to $1.78.