Germany's revived Flensburger Schiffbau-Gesellschaft (FSG) shipyard has secured its first external newbuilding contract since it was rescued in 2020.

FSG said it will construct a ro-ro vessel with LNG propulsion worth more than €100m ($117m) for Australian company SeaRoad.

"Presently, a distance of more than 16,000 km, or almost halfway around the globe, seems insurmountable when it comes to signing a contract, unless the contracting parties agree to do so in synch via video link," FSG added.