Launched in late 2009, the high-speed vehicle ferry utilises Austal's trimaran technology, combining the softer roll of monohulls with the low resistance, stability and carrying capacity of catamarans, to open up new markets beyond existing fast ferry designs.
Judges praised the vessel's ability to use less power than other high-speed craft operating at similar speeds, noting the lower fuel consumption and improved operating economy.
"Austal has showcased an impressive application which uses less fuel to gain higher speeds, which is an imperative feature for transport in both commercial and defence applications in today's day and age," the judges said.
The trimaran's lower roll speed means lower accelerations experienced by passengers, significantly reducing passenger sea sickness.
The vessel is nearing completion at Austal's Western Australian shipyard.
The Manufacturers' Monthly Endeavour Awards are the premier national awards for manufacturing excellence.