Tasmanian shipbuilder Incat has unveiled its latest high-speed ferry but says it has no other big projects in the pipeline.
The 9000 tonne ferry is the first in the world to run on liquefied natural gas and will travel between Argentina and Uruguay.
It can carry up to 1000 passengers and 200 cars and will cut the crossing time from three to about two hours.
On long journeys where LNG is hard to find, the ferry can run on marine diesel.
It is the eighth high-speed ferry sold by Incat to the Argentinian operators.
Incat founder Robert Clifford said it was the only big project on his company's books at the moment but staff were working on several smaller projects.
Mr Clifford said he hoped nibbles from Asia and operators crossing the English Channel would turn into orders in future.
"Business is very poor, the entire marine industry is doing it tough at the moment," Mr Clifford said.
"There are a lot of customers out there who want boats but they are having trouble finding the finance at the moment.
It'll all come right but it's just going to take a little while." Incat employed about 1000 people at its peak but now operates with about 250 staff.
A crew will come to Tasmania to be trained and will then sail the ship back to Argentina in mid January.