Join our crew and become one of the 108,935 members that receive our newsletter.

austal


Tuesday, March 18, 2025
Korean Giant Hanwha Acquires Austal Stake in Latest Push to Reshape U.S. Shipbuilding
Defense

Korean Giant Hanwha Acquires Austal Stake in Latest Push to Reshape U.S. Shipbuilding

Shares of Australian shipbuilder Austal Ltd. climbed after a unit of Hanwha Aerospace Co. became a substantial shareholder of the US Navy contractor, as South

March 18, 2025
Total Views: 5192

Tuesday, November 26, 2024
Shipbuilding

Austal Tapped to Build Australia’s New Heavy Landing Craft

Austal Limited (ASX: ASB) has been selected to construct eight Landing Craft Heavy vessels based on Damen’s Landing Ship Transport 100 (LST100) design.

November 26, 2024
Total Views: 1865

Wednesday, September 25, 2024
Shipbuilding

Hanwha Abandons Austal Takeover Bid Amid Due Diligence Dispute

Korean conglomerate Hanwha has officially withdrawn its takeover bid for Australian defense shipbuilder Austal, citing insurmountable obstacles in conducting

September 25, 2024
Total Views: 1961

Friday, May 31, 2024
Navy

Austal USA Wins $516 Million Contract to Construct Navy Ocean Surveillance Ship

May 31 (Reuters) – Austal Ltd has secured a $516 million contract to construct the lead ship of the United States Navy’s ocean surveillance

May 31, 2024
Total Views: 3032

Monday, April 1, 2024
Shipping

Austal Rejects Takeover Proposal from Hanwha Ocean

By Scott Murdoch and Shivangi Lahiri April 2 (Reuters) – Australian shipbuilder Austal said on Tuesday it had rejected an A$1.02 billion ($661.9

April 1, 2024
Total Views: 4323

Thursday, November 16, 2023
Defense

Austal Teams Up with Harland & Wolff to Pursue UK Shipbuilding Work

Australian shipbuilder Austal has announced a Memorandum of Understanding (MOU) with Harland & Wolff Group to pursue shipbuilding opportunities in the

November 16, 2023
Total Views: 4826

Tuesday, July 11, 2023
Navy

Daewoo Investor Eyes Purchase Of US Navy Shipbuilder

by John Konrad (gCaptain) South Korean conglomerate Hanwha, valued at $42 billion, is considering a strategic acquisition of Austal, a pivotal player in the

July 11, 2023
Total Views: 31986

Monday, April 10, 2023
Shipbuilding

Austal to Develop Hydrogen-Powered High-Speed Catamaran for Sweden’s Gotland

Australian shipbuilder Austal has signed a Memorandum of Understanding (MOU) with Sweden’s Gotland Company to develop the design of Gotland’s

April 10, 2023
Total Views: 3143

Tuesday, April 4, 2023
Navy

Austal Stock Sinks On US Navy Investigation

by Sameer Manekar (Reuters) – Australian shipbuilder Austal sank as much as 8.4% to its lowest level in more than four years on Monday after the United

April 4, 2023
Total Views: 9388

Monday, April 3, 2023
Defense

Massive Accounting Fraud Uncovered at US Navy Shipbuilder, Three Executives Charged

Indictment reveals multi-year scheme to manipulate financial statements and mislead investors. A federal grand jury indicted three Alabama men on charges of

April 3, 2023
Total Views: 27024

Monday, July 25, 2022
Defense

Austal USA to Construct to Two More Navajo-Class Salvage Tugs for U.S. Navy

The U.S. Navy has awarded Austal USA with a $156 million contract to construct two additional steel-hulled Navajo-class Towing, Salvage, and Rescue Ships

July 25, 2022
Total Views: 3287

Tuesday, February 23, 2021
Shipping

Austal USA President Resigns Amid Investigations Into LCS Program

Australian-based shipbuilder Austal has announced the resignation of Austal USA president Craig Perciavalle amid ongoing investigations in the United States

February 23, 2021
Total Views: 11624

Friday, October 25, 2019
Auto Express 115 austal
Shipping News

Austal to Build Biggest Ferry for Molslinjen

Western Australia-based Austal has won an order to build a 115-meter high-speed catamaran for Danish ferry operator Molslinjen. The vessel will be the largest

October 25, 2019
Total Views: 116

Wednesday, October 9, 2019
subic bay
Shipping News

Austal, Cerberus Team Up in Possible Bid for Hanjin’s Philippine Shipyard

MANILA, Oct 9 (Reuters) – Australian shipbuilder Austal Ltd and U.S. private equity firm are considering a joint bid for a strategically located but

October 9, 2019
Total Views: 122

Thursday, June 30, 2016
Austal Halts Trading Amid Review of U.S. Business
News

Austal Halts Trading Amid Review of U.S. Business

Australian shipbuilder Austal Ltd. has halted trading of its shares pending an announcement concerning a review of its U.S. business. The trading halt of its

June 30, 2016
Total Views: 98

Thursday, May 5, 2016
Austal Pacific Patrol Boat Replacement Design
News

Australia Awards Austal $208 Million Pacific Patrol Boats Contract

SYDNEY, May 5 (Reuters) – Australia signed a A$280 million ($208.8 million) contract with naval shipbuilder Austal Ships Pty on Thursday for 21 patrol

May 5, 2016
Total Views: 41

Thursday, August 13, 2015
News

Austal Delivers LCS 6 to U.S. Navy

Alabama-based aluminum shipbuilder Austal Limited has successfully delivered the Littoral Combat Ship 6 (LCS 6), the future USS Jackson, to the U.S. Navy, a

August 13, 2015
Total Views: 40

Tuesday, March 17, 2015
News

Austal-Built Rocketship “Condor Liberation” Arrives in Guernsey

The Austal-built trimaran ferry Condor Liberation arrived yesterday for the first time into Guernsey’s St. Peter Port harbor to begin mooring trials in

March 17, 2015
Total Views: 272

Wednesday, September 17, 2014
Defense

U.S. Navy Accepts Delivery of Fourth Joint High Speed Vessel

The Navy recently accepted delivery of the fourth Joint High Speed Vessel (JHSV), the future USNS Fall River, from Austal USA.  This ceremony was marked on

September 17, 2014
Total Views: 145

Thursday, August 29, 2013
Defense

LCS 4 Completes U.S. Navy Acceptance Trials

Austal Shipbuilding announced today that their second Independence-variant Littoral Combat Ship, the Coronado (LCS 4) successfully completed Acceptance Trials

August 29, 2013
Total Views: 34
close

JOIN OUR CREW

Maritime and offshore news trusted by our 108,935 members delivered daily straight to your inbox.