The Australian Defense Ministry said it selected ST Marine as the preferred tenderer for work on HMAS Success because it represented the best value for money and the shortest time out of service.
ST Marine's tender came in under budget and as a result allocated funds saved on the project will be redirected toward priority repair and maintenance work required on HMAS Kanimbla and HMAS Manoora, for which a precautionary Operational Pause was recently initiated by the Chief of Navy.
Work on the Kanimbla and Manoora will occur concurrently at Garden Island, Sydney, the Defense Ministry said.
The double-hulling of HMAS Success will bring the ship to International Maritime Organization standards for environmental protection against oil spills.
Overseas companies were allowed to bid for the work on HMAS Success since it is a one-off project -- work of this type will never again be carried out in Australia -- and because no Australian company had ever undertaken work of this type, authorities said.
Notable deaths of 2014 [PHOTOS]