Austal COO Gregg Promoted to CEO
Australian shipbuilding group Austal announced its Chief Operating Officer Patrick Gregg will take over as Chief Executive Officer effective January 1, 2021, following a six-month transition from current Managing Director and CEO David Singleton.Gregg was appointed as COO 3.5 years ago with a view to him being a natural successor for the CEO role in the future, said John Rothwell, Chairman of Austal Limited. Since Gregg's appointment Austal has set up operations in Vietnam, expanded…
Austal Vietnam Launched Its First Vessel
Australia-based shipbuilding group Austal Limited said its Vũng Tàu, Vietnam shipyard launched its first vessel, a 94 -high-speed catamaran for the National Infrastructure Development Company (NIDCo) of Trinidad and Tobago.The vehicle-passenger ferry, to be named APT James, is the first vessel to be constructed by Austal Vietnam since the shipyard was officially opened in November 2018.The Austal Auto Express 94 is an all-new aluminum catamaran design, with capacity for 926 passengers and 250 cars, capable of traveling at speeds up to 37.5 knots.
Austal Launches High-speed Ferry
Austal Limited announce that Austal Australia has launched Hull 394, the first of two 118-meter high-speed trimaran ferries currently under construction for Fred. Olsen Express of the Canary Islands.The aluminum vehicle-passenger ferry, to be known as Bajamar Express, was launched at Austal’s Henderson, Western Australia shipyard on February 4, and is now in the final stages of fit out, prior to scheduled delivery in the second trimester of CY2020, Austal said.The vessel will operate on Fred.
Austal Australia Launches Bajamar Express
Australian-based global ship building company Austal Limited announced that its Henderson, Western Australia, shipyard has successfully launched Bajamar Express, the first of two 118-meter, high-speed trimaran ferries under construction for Fred. Olsen Express of the Canary Islands.The ferry is now in the final stages of fit-out. She is scheduled for delivery in spring 2020, said a press note from the shipbuilder.“With the launch of Bajamar Express, our internationally competitive Australian team has again demonstrated an inherent capability to design and construct advanced…
SGTM Orders Catamaran from Austal
SGTM has awarded Austal Limited a $10.7 million contract to build a 41-meter, high-speed catamaran.The new vessel is based on Austal Australia designed vessel, with customer defined design modifications to be undertaken in Vietnam before construction commences there by March, 2020 with delivery approximately one year later.Austal Chief Executive Officer David Singleton said the new contract was welcome as Austal continued to build on its investment in facilities and people in the company’s new Vietnam shipyard.
Austal Secures 41-Meter Catamaran Order
Australian-based global ship building company Austal Limited announced that it has been awarded a A$15.5 million (US$10.7 million) contract for a 41 meter, high-speed catamaran.According to a press release, the vessel will provide production continuity to Austal Vietnam as it completes the fabrication of a 94 meter ferry for a customer in Trinidad and Tobago. The contract will become effective when the required down payment is received, which is expected in the next few days.The new vessel is based on an existing and proven Austal Australia designed vessel…
Austal USA Christens Latest Navy Ship
American, Australian-Domiciled global ship building company Austal Limited said that its latest USA-made Navy vessel was officially christened during a ceremony Saturday at the company’s shipyard in Mobile, Alabama.The future USNS Newport, the Navy’s 12th Expeditionary Fast Transport (EPF) vessel, was honored during a ceremony featuring the traditional breaking of a champagne bottle on the side of the ship by its sponsor, Charlotte Marshall of Newport, R.I.Newport is the twelfth of fourteen EPF’s that Austal has under contract with the U.S.
Austal Cuts Steel for Fred. Olsen Ferry
Australian-based global ship building company Austal Limited has commenced construction of the second of two 118 metre high-speed passenger trimaran ferries for Fred. Olsen Express in the Company’s Philippines shipyard.The vessel is due to be delivered by the end of 2020 as part of an A$190 million contract with Fred. Olsen Express for two 118 metre trimarans, which was awarded to Austal in October 2017.A metal cutting ceremony for the future “Bañaderos Express” was held in the Philippines shipyard, where the official names for the new vessels were officially announced by Fred.
Austal Delivers Catamaran to BraveLine
Austal Limited's Philippines shipyard delivered a 50-mcatamaran to Taiwanese Brave Line in what is the company’s first commercial contract in the East Asian country.The catamaran is the first of two 550 passenger Austal-designed vessels being constructed at the company’s Philippines shipyard in Balamban, Cebu. The contract was awarded to Austal by Taiwan’s Brave Line in September 2017. The vessels include an optimized hull form for improved fuel efficiency and passenger comfort.Austal…
High-speed Catamaran Delivered to VS Grand Ferries
Austal Limited has delivered a 30-meter high-speed aluminum catamaran for VS Grand Ferries of the Philippines. The vessel was designed by Incat Crowther and built at Austal’s shipyard in Balamban, Cebu.The new vessel, named MV Seacat, provides capacity for 300 passengers at speeds up to 25 knots. The new ferry is first locally operated vessel to be built to achieve Pioneer status, an enhanced safety standard rating in the Philippines, with the Maritime Industry Authority (MARINA).Austal said it secured the A$5.5millon contract to build the vessel in August 2017…
Austal Confirms Fjord Line Order for Catamaran Ferry
Austal Limited confirmed a new contract valued at 73 million Euro to design and build a 109 meter high-speed vehicle passenger ferry for Fjord Line of Norway. The all-aluminium catamaran, designed by Austal Australia, will be the eighth large high-speed commercial ferry (over 100 meters in length) to be built by the company. “This valuable export contract will create outstanding opportunities for our design, production and project management teams here in Australia,” said Austal Chief Executive Officer, David Singleton.
Aulong Secures Ferry Build Contract
A second high speed passenger ferry contract has been awarded to Aulong Shipbuilding, a joint venture company formed by Austal Limited and Guandong Jianglong Shipbuilding of Zhuhai, China. Aulong has been awarded a A$5.6 million (US$4.4 million) contract to design and build a 35-meter high speed catamaran for Chinese mainland ferry operator, Blue Sea Jet. Announcing the contract in Australia, Austal Chief Executive Officer David Singleton said the company’s strong reputation has again secured export business for Austal’s Australian based design team. “Our Aulong joint venture is a great example of how effective technology transfer is developing our export business, with Austal’s extensive commercial portfolio attracting existing and new customers in mainland China,” Singleton said.
New Catamaran Ferry for South Korea Launched
A newly built 50-meter high-speed catamaran passenger ferry for Seaspovill of South Korea, SeaStar 11, has been launched at Austal Limited’s shipyard in the Philippines. Austal said it was awarded the A$16 million (US$12.1 million) contract to build the Incat Crowther designed catamaran in June 2016, following Seaspovill’s satisfaction with a pre-owned Austal vessel, Seastar 3, constructed in 1998. Incat Crowther said it worked with Seaspovill to develop the design of the vessel, offering improvements over an off-the-shelf production design.
High-speed Ferry Delivered in the Philippines
A second 30-meter high-speed passenger ferry for the 2Go Group, MV Saint Sariel, has been delivered in the Philippines, shipbuilder Austal Limited announced. Austal was awarded a A$13 million contract for two Incat Crowther designed catamarans in June 2016 and construction of both vessels has been completed at the Austal Philippines shipyard in Balamban, Cebu. Austal chief executive officer, David Singleton, said the two 30 meter vessels built for 2Go highlight the growing demand…
Austal, ASC Partner for Australian Frigate Program
Australian shipbuilders Austal Limited and ASC Shipbuilding have joined forces for the build of the SEA5000 Future Frigates Program. Under this arrangement, the two say they will collaborate in support of the program, pooling complementary strengths, skills and experience. “The Austal/ASC Shipbuilding teaming arrangement offers a compelling, low risk, Australian shipbuilding solution for each of the three shortlisted international designers; BAE, Fincantieri and Navantia,” Austal CEO, David Singleton said.
Austal HY profit slides
Underlying EBIT of $31.2m after excluding arbitration settlement related to 7-year-old claim. Earnings growth from US shipyard. Lower throughput in Australian shipyard, as anticipated. Austal Limited today reported its results for the six months ended 31 December 2016, with a Net Profit After Tax of $9.3 million. Austal’s financial engine room in the USA, delivered a strong turnaround in earnings, with segment EBIT up 53% on the prior corresponding period (“pcp”) to $41.1 million.
Austal Celebrates Christening Of Future USS Tulsa
Austal Limited has announced that Austal USA has hosted the christening of the future USS Tulsa, the 8th Independence variant Littoral Combat Ship (LCS) designed and constructed for the United States Navy (USN). Former Mayor of Tulsa and current Chief of Economic Development for the Oklahoma city, Mrs Kathy Taylor formally christened USS Tulsa at a formal ceremony held at Austal USA’s Mobile, Alabama shipyard. In addition to the USS Independence (LCS 2) and Coronado (LCS 4), Austal USA is delivering 11 Independence variant LCS to the USN, under a contract valued at approximately US$4 billion.
Austal Wins FRS Ferry Contract
Austal Limited has secured the company’s sixth new commercial vessel order for 2016, with the award of a €15.47 million (circa A$22 million) contract for a high-speed passenger ferry from Förde Reederei Seetouristik (FRS Group) of Germany. The 56 metre catamaran is a new design from Austal’s Australian based design team, adding to their successful portfolio of designs that has seen more than 22 similar-sized vessels constructed for commercial ferry operators around the world since 2002.
Crew Transfer Vessel Delivered to Swire Pacific Offshore
With its latest delivery to Swire Pacific Offshore (SPO), shipbuilder Austal Limited has delivered its second high speed crew transfer vessel this year, and its fourth offshore crew transfer vessel in the past 15 months. The 57.6-meter, all-aluminum catamaran, named Pacific Kestrel, was designed by Incat Crowther and constructed by Austal’s shipyard in the Philippines. The 40 knot ‘Offshore Express 57’ Large Crew Transfer Vessel (LCTV) is a technologically advanced transport solution that is affordable and economical to own and operate.
Austal Wins USN LCS Support Contract
The U.S. Navy has awarded a contract to Austal Limited USA to provide engineering and management services support of the Post Shakedown Availability for Independence-variant Littoral Combat Ship (LCS) Gabrielle Giffords (LCS 10). The US$12 million cost-plus-award-fee order adds to Austal USA’s growing support business, which provides critical support to both the LCS and Expeditionary Fast Transport (EPF) fleets. Austal USA will provide design, planning, and material support services for Gabrielle Giffords (LCS10)…
Austal JV Wins First Ferry Contract
Aulong Shipbuilding, a joint venture company formed by Austal Limited and Guandong Jianglong Shipbuilding of Zhuhai, China, has won the first ferry contract to build a 42 metre high speed aluminium ferry for Chinese mainland operator Blue Sea Jet. Less than two months after the announcement of the joint venture, Aulong Shipbuilding has been awarded a A$10 million (RMB49.99 million) contract to design and build the ferry. The contract was awarded following a competitive evaluation based on product performance, price and commercial terms.
LCS 6 Completes Full Ship Shock Trials
Austal Limited successfully completed Full Shock Trials by USS Jackson(LCS 6) on July 16, 21016. The Navy stated that USS Jackson (LCS 6) “performed exceptionally well” during her third and final underwater explosion as part of her Full Ship Shock Trials (FSST). This is a significant milestone for the LCS program and Independence variant warship. Last month, the Navy commenced FSST on JACKSON to validate her operational survivability after exposure to underwater shock. Austal…
Austal Bags $ 11 mi USS Jackson Modification Contract
Austal Limited (Austal) (ASX:ASB) has been awarded a US$11,239,032 cost-plus-fixed-fee contract modification from the U.S. Navy to provide emergent availability planning and full ship shock trials (FSST) support for tests to be conducted on Littoral Combat Ship USS JACKSON (LCS 6). Specifically, Austal USA will plan for and conduct any “in-between shot” repairs required during the FSST event(s), repair any damage sustained during the FSST period and coordinate the removal of FSST testing equipment and instrumentation following completion of the trials.