The ship will be the third generation of ferry to run between Nolsoy and Torshavn for shipowner Strandfaraskip Landsins.
The new vessel will replace the 40m ro-pax running the route currently.
A tender for its construction will be issued next month.
The 675-gt ship will feature hybrid diesel electric/battery propulsion.
It will carry up to 170 passengers in the summer period, and up to 12 cars.
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