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 ferry ever built by Austal. The vessel comes at a price tag of 83.65 million euros (~USD$92 million). The order is follow-up to the 109-meter high-speed ferry Express 4, delivered to Molslinjen in January … [Read more...]
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 debt-laden Philippine shipyard, the facility's trustee said on Wednesday. Hanjin Philippines, a unit of South Korea's Hanjin Heavy Industries & Construction Co Ltd, in January defaulted on $1.3 billion in loans, of which … [Read more...]
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 ordinary shares was revealed in an announcement to the Australian Stock Exchange Thursday saying the trading halt came at the request of the company pending the release of an announcement. A letter included in the … [Read more...]
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 boats, the first stage of its military expansion, the government said. Naval shipbuilding is an important part of a plan unveiled in February to boost defence spending by nearly A$30 billion ($23.02 billion) over the next 10 … [Read more...]
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 landmark vessel delivery for the company. USS Jackson is the first ship in its class built by Austal as prime contractor at its shipyard in Mobile, Alabama, under a 10 vessel, US$3.5 billion contract the U.S. … [Read more...]