Engineering group Civmec has agreed on a framework for the transfer of ownership of German-owned Luerssen Australia, its partner in constructing six Arafura Class Offshore Patrol vessels for the Royal Australian Navy under the existing SEA1180 contract. Upon completion of the potential transaction, NVL B.V. & Co. KG (Naval Vessels Lürssen) will transfer all its…
What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) FIRB approval unlocks payments for Iron Road Mining and green hydrogen developer Iron Road has received Foreign Investment Review Board approval for its giant Cape Hardy hydrogen and metals manufacturing project on the Eyre Peninsula in South Australia. FIRB approval unlocks $4.5…
By Peter Roberts Korea’s Hanwha defence group has abandoned its takeover bid for Australia’s most successful indigenous owned defence manufacturer Austal, according to media reports this morning. The takeover was ended in a letter to Austal from Hanwha Ocean CEO Hyek Woong Kwon titled ‘Termination of discussions with Austal’. The company blamed Austal’s ‘insistence’ that…
By Peter Roberts The award of a second contract in the United States for shipbuilder Austal to build facilities for constructing modules for US nuclear powered submarines should put paid to talk of allowing the Perth shipbuilder to be taken over by Korean interests. Austal USA has been awarded a $220 million (US$152 million) contract…
Shipbuilder Austal has been awarded a second major contract in the United States to prepare itself for the construction of submarine modules and components to feed into the US Navy nuclear submarine construction programme. Austal USA has been awarded a $220 million (US$152 million) contract by the U.S. Navy to invest in infrastructure that supports…
Shipbuilder Austal Australia and maritime software developer Greenroom Robotics have announced a strategic commercial partnership, following their successful Patrol Boat Autonomy Trial (PBAT) for the Royal Australian Navy (RAN.) According to a statement from Greenroom on Wednesday, the new strategic partnership agreement will see the pair “collaborate further on developing watercraft-based products, services and technologies”…
Shipbuilder Austal has announced that Austal USA has been awarded a $670 million (US$450 million) contract by General Dynamics Electric Boat for nuclear submarine module construction. The contract will enable Austal USA to expand production capacity at its US shipyard in Mobile, Alabama (pictured) as part of the U.S. Navy Submarine Industrial Base (SIB). It…
Perth international shipbuilder Austal has committed to using LocAl lower-carbon Aluminium supplied by aluminium processor Capral to support their initiatives in sustainable manufacturing and responsible procurement. Capral has been a long-term supplier to Austal which builds aluminium and steel hulled passenger ferries and vessels for Defence and Border Security. Early in 2023, Austal committed to…
Engineering and shipbuilding firm Civmec has confirmed it is moving its corporate domicile from Singapore to Australia in light of the company’s business – a record in FY 24 – being in this country. Chairman James Fitzgerald said moving domicile aligned with the company’s strategic growth plans. Fitzgerald said: : “It is pleasing to deliver…
Shipbuilder Austal will pay a US24 million penalty but has escaped charges in a resolution of investigations by the US Department of Justice (DoJ) and the US Securities Exchange Commission (SEC) over the write back of work in progress (WIP) in July 2016. Austal did not asdmit or deny the allegations as part of the…