Bollinger Shipyards and INCAT Australia have signed an agreement for Bollinger to market and build high speed craft to INCAT designs in the United States. INCAT is the premier builder of the world's fastest vehicle and passenger ferries and builder of the world speed record holding Wave Piercing and K Class aluminum catamarans. The 27 year-old company has built over 30, or approximately 40% of the worldwide fleet of high-speed passenger ferries over 230 feet (70M) in length.

The two companies have been working closely on a proposal to an unnamed customer for a unique wave-piercing vessel that can carry 500 passengers and a variety of vehicles at speeds of more than 40 knots. The design is similar to the INCAT TASMANIA, which was chartered by the Australian Trade Commission during the 2000 Summer Olympics in Sydney, Australia. Its design includes two slender, aluminum hulls connected by a bridging section with a center bow structure at the forward end. It should be noted that this design developed by INCAT Australia is a different company than INCAT Designs who developed the design for the BC Ferries.