Estonia's Baltic Workboats to build three boats for German customs for €11m

A patrol boat built by Saaremaa-based Baltic Workboats. (Baltic Workboats)
10/12/2016 12:18 PM
Source: BNS
Category: Business

Boatbuilder Baltic Workboats, based on Estonia's largest island, Saaremaa, has received a contract for the building of three 24-meter (79-foot) patrol boats for the German Customs Administration for approximately 11 million euros.

"It's a fairly large contract for us," Baltic Workboats CEO Margus Vanaselja told BNS. "German customs is an important customer for us in a strategically important place."

A special aspect of the contract is that the German Customs Administration requested that the boats be equipped with exhaust gas cleaning systems, added Vanaselja.

The contract for the three patrol boats was signed on Tuesday, the company announced on social media. Baltic Workboats has previously built a three million euro patrol boat for Belgian customs.

Baltic Workboats is the largest manufacturer of aluminum vessels in the Baltic Sea region. It posted sales of 24.2 million euros last year, which marks an eight percent increase from 2014 figures. During the same period, the company's net profit declined slightly to 3.2 million euros.

Editor: Aili Vahtla

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