Caterpillar Credit Services Asia News

WaveMaster International has won a contract for ten 118 ft. (36 m) high-speed aluminum monohull ferries for delivery to Singapore. With firm contracts for the initial six vessel order already placed, financing has been arranged through Singapore-based Caterpillar Credit Services Asia, a subsidiary of Caterpillar Financial Services. Both the shipyard and purchaser have signed options for the remaining four vessels included in this innovative project. The WaveMaster design team developed this monohull directly in sync with stringent safety requirements of the High Speed Craft Code, as set out by the International Maritime Organization (IMO) and Singapore Marine Authorities. Estimated design and build time is nine months for the initial six vessel order.

WaveMaster International has won a contract for ten 118 ft. (36 m) high-speed aluminum monohull ferries for delivery to Singapore. With firm contracts for the initial six vessel order already placed, financing has been arranged through Singapore-based Caterpillar Credit Services Asia, a subsidiary of Caterpillar Financial Services. Both the shipyard and purchaser have signed options for the remaining four vessels included in this innovative project. The WaveMaster design team developed this 118 ft. (36 m) monohull directly in sync with stringent safety requirements of the High Speed Craft Code, as set out by the International Maritime Organization (IMO) and Singapore Marine Authorities. Estimated design and build time is nine months for the initial six vessel order.

The latest catamaran to pierce the waves from Incat Tasmania is Milenium, which was delivered to Transmediterranea for operation in the Mediterranean. Launched this past April from Incat's Coverdales shipbuilding facility at Hobart's Prince of Wales Bay, the 315 ft. (96 m) vessel entered service this past May. Milenium offers a total of 330 truck lane meters at 3.1 x 4.3 m clear height, making it suitable for heavy road transport vehicles, and 370 car lane meters at 2.3 x 2.1 m. The vessel's control station is equipped with the most innovative electronic, navigation and communication equipment to comply with High Speed Craft Code Sea Area 2…