BOAT BUILDER FLOATS $24M CONTRACT

BOAT BUILDER FLOATS $24M CONTRACT

ALUMINIUM Boats Australia has won a $24 million contract to build passenger ferries to transport Gladstone workers to and from the state’s LNG mines.

General manager Stuart Pascoe, says the contract could be the first of many in the public sector.

“The contract is worth $24 million to the company initially, but we anticipate there will be additional follow up contracts that haven’t been confirmed yet. It means long term, secure employment for our workforce which is currently 80, but will soon be 130, with some additional staff working on this new contract,” he says.

“The contract was two years in the making and I think what really clinched it for us was that we’re an eco-friendly company. The ferries don’t have any emissions from the vessel into the water whatsoever, the shape of the ferry makes it safe for marine life and its design is cutting edge. It’s state of the art technology that’s been developed in Queensland.”

Premier Anna Bligh says the Hemmant-based company will build three passenger ferries to transport gas workers between the port city and Curtis Island.

Bligh says the LNG industry in Queensland has the capacity to create 18,000 direct and indirect jobs while generating royalties to Queensland of more than $850 million each year within the next decade.

“The Queensland Curtis LNG and Gladstone LNG projects are worth $31 billion in capital expenditure and in total, $66 billion in LNG projects are on the table,” she says.

“By 2020, Australia will become the third largest supplier of LNG globally and Queensland produced LNG will be exported to China, Japan, Korea, Singapore and Chile.”

Aluminium Boats Australia started operations in 1999.

Get our daily business news

Sign up to our free email news updates.

 
Whitefox Recruitment founder Luke Hemmings making strides as a careers leader
Partner Content
After relocating his Canberra-founded company Whitefox Recruitment to the Gold Coast la...
Whitefox Recruitment
Advertisement

Related Stories

ASIC secures its first court win for greenwashing against US giant Vanguard

ASIC secures its first court win for greenwashing against US giant Vanguard

The Australian corporate watchdog has caught out one of the world&r...

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Australian-founded medicinal cannabis company Althea Group (ASX: AG...

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Listed funds manager 360 Capital Group (ASX: TGP) has offloaded its...

The party’s over: Splendour in the Grass festival cancelled for 2024

The party’s over: Splendour in the Grass festival cancelled for 2024

Splendour in the Grass, Australia’s largest winter music fest...