Author Topic: Trinidad & Tobago announces future acquisition of two Austal Cape Class boats  (Read 1655 times)

adroth

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GOVERNMENT OF TRINIDAD & TOBAGO ANNOUNCES FUTURE ACQUISITION OF TWO AUSTAL CAPE CLASS PATROL BOATS
Company Announcement
30 July 2018

https://www.austal.com/news/government-trinidad-tobago-announces-future-acquisition-two-austal-cape-class-patrol-boats

Austal Limited (Austal) (ASX:ASB) is pleased to report that the Government of the Republic of Trinidad and Tobago (GORTT) has announced its intention to purchase two Austal Cape Class Patrol Boats. The vessels will enhance the border protection capabilities of the country in conjunction with the existing Coast Guard fleet, and will join six Austal Fast Patrol Craft acquired in 2009.

This announcement is further to a comprehensive proposal submitted by Austal to GORTT in recent weeks. The sale is likely to be supported by the Australian Government via the Export Finance and Insurance Corporation (EFIC), and follows a demonstration by the Royal Australian Navy (RAN) of the capabilities of the Cape Class vessel to a delegation of senior Trinidad and Tobago officials, which included the Chief of Defence Staff.

The order is likely to be valued at circa AU$100m plus a multi-year ongoing maintenance and support package. Austal expects to establish a Service Centre in Trinidad to support these vessels, the Austal supplied Fast Patrol Craft, and any additional vessels requiring maintenance as determined by GORTT.

The new Cape Class vessels will be built in Austalís Henderson shipyard based in Western Australia. Austal have already built 10 Cape Class vessels in Henderson for the Australian Border Force and RAN. Delivery is expected to be in mid-2020.

Designed and built by Austal, the Cape Class is a 58 metre all aluminium monohull patrol boat specifically produced to combat the full range of maritime security threats. The vessel has a long 4000 nautical mile range and 28-day patrol cycle with a crew of up to 22. The vessel also supports two high speed 7.3 metre Rigid Hull Inflatable Boats used for intercepting other vessels.

GORTT have requested that the purchase be supported by an EFIC finance package which will be developed specifically to support the program, for which EFIC have already supplied a letter of support. The sale of the vessels is conditional on final contracts being signed in the coming weeks, together with a conclusive offer from EFIC to GORTT. It is expected that an initial, lower value design contract will be signed shortly to hasten preparations for the main contract and ensure that the delivery schedule will be maintained.

These vessels will be the latest additions to the work already scheduled in the Henderson facility, including a 109 metre catamaran for Molslinjen of Denmark, 21 Pacific Patrol Boats (PPB), currently in build, and a 117 metre trimaran for Fred Olsen S.A. of the Canary Islands which will commence construction in August 2018. These additional build programs will keep the local workforce active at the current level until 2021 (2023 for PPB), one of the longest forward order books seen at Austal for a decade or more.


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adroth

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AUSTAL EXPORT OPPORTUNITY SUPPORTED BY AUSTRALIAN GOVERNMENT FINANCING
COMPANY ANNOUNCEMENT
17 DECEMBER 2018

https://www.austal.com/news/austal-export-opportunity-supported-australian-government-financing

AUSTAL (ASX: ASB) is pleased to announce that the Commonwealth of Australia, through the Defence Export Facility, has made available a loan facility, of up to AU$80 million, to support the acquisition of two Cape Class Patrol Boats. The facility will be made available to the Government of the Republic of Trinidad & Tobago (GoRTT) to assist it in purchasing the vessels from Austal. Austal will take no financial liability if the loan is utilised.

Austal previously reported in July the intention of the GoRTT to purchase these patrol boats. An interim Schedule Protection Agreement has been signed and a fee is due to be paid to allow Austal to commence some work on the project and to order long lead time items.

The GoRTT had previously requested that purchase of the ships be supported by a financing package to be provided by the Export Finance and Insurance Corporation (EFIC). Todayís announcement by the Commonwealth of the Defence Export Facility being available for this program will support the contractual negotiations with Trinidad & Tobago. The support by both the Commonwealth and the Royal Australian Navy for this program has contributed greatly to its development to date.

If this program turns into an effective contract, a further announcement will be made at that time. It is expected that a contract will not be announced until late in quarter 1 of the 2019 calendar year.

Ayoshi

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https://www.navaltoday.com/2020/12/07/video-1st-cape-class-patrol-boat-for-trinidad-and-tobago-launched/

Quote
Video: 1st Cape-class patrol boat for Trinidad and Tobago launched
December 7, 2020

Under a A$126 million contract awarded by the Government of the Republic of Trinidad and Tobago (GORTT), Austal is constructing two 58-metre boats for the TTCG, scheduled for delivery in the first half of 2021.

The new TTCG Capes are based on the 58-metre aluminium monohull patrol boat, first developed by Austal in Australia for Australian Border Force.

The vessels have a 4,000 nautical mile range and 28-day patrol cycle, with a crew of up to 22. Each Cape is equipped with two high-speed 7.3-metre rigid hull inflatable boats used for intercepting other vessels.


Photo: Austal

Quote
Austal Hull 398 - Trinidad and Tobago Coast Guard Cape-class Patrol Boat Launch, November 2020
Dec 4, 2020
Austal

Video of the launch of the first of two 58 metre Cape-class Patrol Boats under construction at Austal Australia, for the Trinidad and Tobago Coast Guard; Henderson, Western Australia November 2020.

https://www.youtube.com/watch?v=hgWI3NERbKA