Austal Aquisition Expands Asia-Pacific Capabilities

Press Release
Friday, October 05, 2012
Agreement Handshake: Photo credit Austal

Austal acquires Hydraulink NT and its associated business KM Engineering (HKME) in Darwin, Australia,

HKME is a leading engineering service provider in northern Australia with well-established operations supporting the Royal Australian Navy (RAN) and Australian Customs and Border Protection Service. HKME also has strong relationships with oil and gas sector participants.

Austal Chief Executive Officer Andrew Bellamy said the acquisition signals Austal’s commitment to supporting RAN and Customs and Border Protection operations. “Supporting the Royal Australian Navy and Australian Customs and Border Protection Service is core to Austal’s long-term success. With HKME, Austal presents a robust capability tailored to supporting the Austal-built Armidale Class Patrol Boat fleet and the forthcoming Cape Class Patrol Boat fleet,” he said.

Mr Bellamy added that the acquisition directly addresses the needs of the US Navy, with whom Austal has contracts to build Littoral Combat Ships (LCS) and Joint High Speed Vessels (JHSV).

”There is also potential for significant growth as a result of HKME’s relationships with oil and gas sector participants. Resource projects, most notably INPEX’s $33 billion Ichthys LNG development, are forecast to generate considerable demand for our skills both afloat and ashore,” he said.

In the photo: HKME Directors Stuart Kenny (left) and Greg McKechnie (centre) complete the agreement with Austal's Chief Operating Officer - Service and Sytems, Charles McGill





 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

ThyssenKrupp Says Submarines Part of Growth Story

Germany's Thyssenkrupp sees its submarine business as making an important contribution to its growth targets, the head of its Industrial Solutions business area said on Tuesday.

Gas Turbine Alternator Installed into Aircraft Carrier

The Aircraft Carrier Alliance has completed the installation of the first MT30 Gas Turbine Alternator (GTA) package into the Royal Navy’s latest aircraft carrier HMS Prince of Wales,

Mergers & Acquisitions

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

MOL Expands Container Fleet

Mitsui O.S.K. Lines, Ltd. has signed a deal for construction of four 20,000 TEU containerships with Samsung Heavy Industries. MOL also concluded an MOU for long-term chartering of two 20,

VLCCF - 4Q & FY 2014 Results

Knightsbridge Shipping Limited ( VLCCF ) reports net income of $5.2 million and earnings per share of $0.06 for the fourth quarter compared with a net loss of $6.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1707 sec (6 req/sec)