The new facility will expand the site to five production halls, increasing shipbuilding capacity, improving production efficiency, and supporting future workforce growth. Incat's Prince of Wales Bay yard currently incorporates more than 70,000 m² of undercover production space, with two dry-dock areas capable of accommodating up to six vessels under construction.

The Australian shipbuilder is simultaneously developing a second production site at Boyer in the Derwent Valley, a 12-hectare parcel acquired from the Norske Skog mill site, where hulls and decks will be constructed before being transported down the River Derwent to Prince of Wales Bay for completion. Combined, the two sites are expected to give Incat around 100,000 m² of undercover production space.

Incat employs more than 450 people and is the largest single-site employer of trainees and apprentices in Tasmania. The wider expansion programme is targeting up to 500 new jobs and a doubling of both workforce and production capacity, positioning the yard to build multiple large electric vessels per year.

This marks another important step in Incat's long-term growth strategy as the company continues to lead the world in sustainable shipbuilding.

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