Australian shipbuilder Austal Ships and European ferry operator Fred. Olsen, S.A. are delighted to announce the signing of an historic contract for the world’s largest high-speed multihull vessel which will be based on a new hullform. When delivered in the second half of 2004, the 126.7 metre cargo-vehicle-passenger fast ferry will also be larger than any existing diesel-powered fast ferry – catamaran or monohull. It is also believed to be the world’s largest all-aluminium ship. Confirmation of the order demonstrates both companies’ leadership in the global fast ship industry and is the outcome of a collaboration, involving more than three years of research and development effort, to produce the new design.