Austal to exit China shipbuilding venture
Perth international shipbuilder Austal is to exit its joint venture in China which has operated only since 2016. The company, which builds multi-hulled aluminium ferries in Australia and Asia and warships for the US Navy, announced it was planning to sell its 40 per cent stake in Aulong Shipbuilding Co. Ltd. Guandong Jianglong Shipbuilding of…