Austal confirms FY23 loss on US steel shipbuilding
International shipbuilder Austal has confirmed a NPAT loss for FY23 of $13.6 million, down from a profit of $79.6 million the previous year. The loss, set on revenue up 11 percent to $1.59 billion, is due to provisional losses of $171 million stemming from the construction of steel hulled Navajo class Towing, Salvage, and Rescue…