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Marine Log

December 14, 2006

Austal mystery buyer ups order

Last month, Australia's Austal ships announced that an undisclosed buyer had ordered "multiple aluminum hulled passenger ferries" for a total of Australian $140 million (about US$108 million).

In a stock exchange announcement today, Austal says that the buyer has exercised options to the order, adding further vessels worth Australian $60 (about US$47 million) to the order.

The additional vessels are slated for delivery in 2008.

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